OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: European focus falls on ECB - BTMU

FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that in addition to the BoJ meeting, eyes will be focused on the upcoming ECB meeting too.

He writes, “We do not expect any change in monetary stance and also expect President Draghi to state clearly the ECB view that Cyprus was very unique and that type of banking sector bailout deal would not be repeated elsewhere in the euro-zone. He feels that risks to economic growth will no doubt remain to the downside and while Draghi will state that inflation risks are broadly balanced, he believes that assessment is stretching credibility now.

He maintains that an ECB rate cut will come over the summer months, possibly in June. However, he doesn’t expect any signal of that this week, which should help support the euro. he writes, “Today, the
flash CPI estimate will be released and the consensus is for the annual inflation rate to drop from 1.8% to 1.6% in March, which would be the lowest level since August 2010.”

Forex Flash: Majors favour USD strength - UBS

Gareth Berry and Geoffrey Yu of UBS have taken a technical look at the majors this morning and note a continuation of USD strength.
Read more Previous

Forex Flash: South Korean Household debt to hit record high - Nomura

Nomura economist Young Sun Kwon notes that Korea's household debt rose faster than income growth in 2012, suggesting that there has been no deleveraging in the household sector and that the policy rate is accommodative.
Read more Next
Start livechat