OctaFX | OctaFX Forex Broker
Open trading account

ECB: QE may be imminent - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that the main take away many observers drew from Draghi's Jackson Hole speech was that QE may be imminent.

Key Quotes:

"We are less sanguine about, and understand that the effect of the June actions and TLTRO need to be seen first, making an asset purchase program more likely next year than this year."

"Nevertheless, such expectations are having such an impact on nominal yields that real yields are falling. Look at Spain. It is due to release its preliminary August CPI figures on Thursday."

"The harmonized measure is expected to slipped from -0.4% to 0.6%. In the past month, Spain's 10-year yield has fallen 34 bp."

GBP/USD comes with warnings to the bears- Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the GBP is flat, having traded in a tight 29-point range as the UK comes back from holidays.
Read more Previous

Long greenback’s continue building - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital noted that long USD positioning is building up.
Read more Next
Start livechat