OctaFX | OctaFX Forex Broker
Open trading account

ECB Preview: A new chapter of dovish tightening – Danske Bank

According to analysts at Danske Bank, the new reinvestment strategy could be the most interesting part of today’s ECB meeting, when a formal announcement about the end of the net asset purchases is set to be made.

Key Quotes

“Although the stakes are high at the meeting, we expect Draghi to try to be as ‘dull’ as possible in order not to move the markets.”

“Growth assessment as well as new forecasts (including 2021) will be closely monitored. We will pay close attention to the wage growth assessment.”

“Given the current dovish market pricing we have a hard time seeing how the ECB can deliver a message that would lead to a dovish market reaction.”

IEA: Sees global oil market moving into deficit by Q2 2019 on 100% OPEC compliance with supply deal

The International Energy Agency (IEA), in its December monthly oil market report published this Thursday, kept global oil demand growth forecast for 2
Read more Previous

USD: Defensive near term - Westpac

In view of Richard Franulovich, head of FX strategy at Westpac, USD has mostly resisted the fall in yields but a more cautious Fed will challenge that
Read more Next
Start livechat