ECB QE hopes dampen after Nowotny’s comments – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team comments that Nowotny’s comments that there was no need to get overexcited about tomorrow’s ECB meeting dampened hopes of an ECB action tomorrow.

Key Quotes

“ECB's Nowotny: ECB meeting will be an interesting one, but nothing to get overexcited about. He reiterated that did not expect deflation in Euro Zone. Harder to fight deflation than inflation, so must watch inflation developments 'closely'”

“Hopes of ECB action tomorrow was somewhat dampened by Nowotny comments after he stated that there was no need to get overexcited about the meeting. The session saw some re-positioning of FX and fixed-income bets to be on the safe side. EUR/USD steady at 1.1565 ahead of the NY morning.”

GBP/USD regains 1.5100

Sterling remained in red versus the US dollar during the mid-European session, however, retreated from the post-BOE minutes slump and trades back above 1.5100 levels.
Devamını oku Previous

If QE is on the cards then ECB needs to go big on purchases – FXStreet

According to FXStreet Analyst, Craig Drake, the ECB will have to unleash a big sovereign asset purchase programme tomorrow to counter the action that has already been priced in, if it decides to implement QE.
Devamını oku Next