OctaFX | OctaFX Forex Broker
Open trading account
Back

ECB meeting minutes to attract significant interest – Lloyds Bank

FXStreet (Delhi) – Nikesh Sawjani, Financial Economist at Lloyds Bank, suggests that with expectations elevated that the ECB will deliver further policy stimulus in the coming months, today’s publication of the October ECB meeting minutes could attract significant interest.

Key Quotes

“At the press conference following the meeting, President Draghi gave a strong hint that more policy easing is on the table for the next meeting on 3rd December, repeating his stance in his testimony to the European Parliament.”

“While President Draghi has emphasised that “all the instruments available” will be considered, the minutes will be watched to see if they contain more detail on the different options. Ahead of the minutes, comments from ECB council members Weidmann, Coeure and Praet will be closely watched.”

EUR/USD rises to 5-DMA on broad based USD weakness

The USD was offered across the board in overnight trade, taking the EUR/USD pair to its 5-DMA at 1.0707 as the Fed minutes turned out to be a non-event for the markets.
Read more Previous

EUR/GBP back above 0.70 ahead of UK data

The correction in the USD after Fed minutes strengthened the EUR/USD more than GBP/USD, taking the EUR/GBP cross above 0.70 handle in early European session.
Read more Next
Start livechat