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Key events taking place: ECB preview - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - After a quiet spell, things should pick up from here on and analysts at Westpac noted the key events taking place today.

    Key Quotes:

    "The NAB Q3 business survey is out today."

    See here for current price action in AUD/USD

    "The ECB concludes its monetary policy meeting and president Draghi will hold a press conference. Most analysts expect that there will be no fresh easing announced today, but that the statement will be dovish."

    See here for ECB preview

    "EUR trade should be lively over the press conference, with risk of squeezes if Draghi isn't seen as sufficiently dovish. We also have UK Sep retail sales. This has been trending higher since 2008, but has slipped in recent months. Consensus for the ex-auto fuels measure is for a 0.4% m/m and 4.7% y/y rise as low inflation and the strengthening labour market boost spending."

    What is QE anyway?
    For more information, read our latest forex news.

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