OctaFX | OctaFX Forex Broker
Open trading account

ECB’s QE unchanged… for now – Danske Bank

FXStreet (Edinburgh) - Signe Roed-Frederiksen, Senior Analyst at Danske Bank, sees the ECB refraining to modify its current QE programme for the time being.

Key Quotes

EUR/USD edged higher into the weekend after Draghi stressed that while the ECB remains on high alert on disinflation, QE remains the preferred option (rather than a deposit rate cut); maybe less surprisingly, the ECB's Lautenschlager (from Germany) took this one step further over the weekend when stating that it is still premature to consider more QE for the ECB”.

“EUR/USD will be kept in the 1.11-1.14 range for now.

EUR/JPY: Bulls in control above 100-DMA

The EUR/JPY cross jumped from its 100-DMA support at 136.43 earlier today to print a session high of 136.80, after having taken out 50-DMA and 100-DMA resistance on Friday.
Read more Previous

Gold: and the recovery continues

Gold prices added another $8 to trade around USD 1163/Oz levels on Monday as the Fed rate hike bets continue to drop, pushing the US dollar lower across the board.
Read more Next
Start livechat