- Analytics
- News and Tools
- Market News
- Focus should be on the ECB's strategic review – TDS
Focus should be on the ECB's strategic review – TDS
FXStreet reports that analysts at TD Securities (TDS) offered a brief preview of Thursday's key event risk – the latest monetary policy update by the European Central Bank (ECB).
“Today's ECB meeting should be fairly low-key, with our base case seeing no change in rates or the policy statement, and a continuation of the more upbeat tone from the December meeting. The focus today will almost certainly be on the announcement around the ECB's monetary policy strategy review, with markets looking to its scope and mandate for any hints into future policy moves.”
“In December though Lagarde said that, "There is no preconceived landing zone at this point in time," and we expect to see a repetition of that message today, as she tries to avoid sending any kind of signal on whether the implications of the review are likely to be hawkish or dovish for policy.”
“Our base case sees EURUSD modestly higher as the ECB extends its more positive outlook. Overall, however, we do not think this meeting will see any significant breaks of recent ranges. For today's event, we note that the 1.1070 area contains a cluster of technical supports. This suggests that may be the key pivot for price action surrounding today's policy decision.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
