Highlights of the Q&A from Draghi The EURUSD has moved to new session highs on the last comments on inflation /wages but needs to get above the 1.14315 double bottom from the lows from the last two trading weeks. Gains still modest.
The ECB decision is at 1145 GMT TD Research discusses its expectations for EUR/USD direction around tomorrow’s ECB October policy meeting. “We expect the ECB to leave policy on hold, and to provide no new information regarding the conclusion of QE later this year. While risks are likely to remain balanced, , as Draghi acknowledges…
Repeats ECB Policy Statement in the opening remarks Highlights: Economic analysis: ForexLive
European Central Bank monetary policy decision – 25 October 2018 – decision – Main refinancing rate 0.00% – Marginal lending facility 0.25% – Deposit facility -0.40% ForexLive
More from Mester There’s been a change in Fed communication lately pushing for raising bank capital and curbing risk. ForexLive
Mester answers questions in New York In some corners of the market there is non-stop speculation about IOER. ForexLive
Hawkish comments from a hawkish central banker There’s no sign of the Fed backing down to the President or to the equity markets. Note that these comments were out about an hour ahead of schedule.
Speaking in Paris He adds: The inflation path story was highlighed in Draghi’s comments today. ForexLive
ECB sources announce potential change in PSPP buying program The ECB will stop new bond buying at the end of the year but it reaffirmed its pledge to reinvest cash from expiring bonds for a long time. That could prove to be a problem as not every issue that matures is immediately replaced by new…
Answers questions after speech ForexLive