Tim Riddell, analyst at Westpac, points out that the ECB president-elect Lagarde’s presentation to the EU Parliament indicated that she will continue Draghi’s policies and will also push for fiscal expansion within the region. Key Quotes “Draghi’s indication of a concerted stimulus package at the ECB’s Sep appeared to be affirmed by ECB Governing Council members Lane and Rehn, but more hawkish members Knot, Weidmann and Lautenschlaeger have recently highlighted potentially deep divisions over further ECB stimulus.” “Data into next week’s ECB meeting and the ability of Draghi to gain support for a swansong stimulus will be critical for both the handover to Lagarde and EUR.” “Recent declines in global sentiment, expectations of ECB easing and veiled threats over US-EU trade have seen EUR/USD breach 1.10 support. If ECB credibility is affirmed, a new 1.08-1.12 range could develop.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin technical analysis: BTC/USD bulls are approaching the biggest test in a while FX Street 4 years Tim Riddell, analyst at Westpac, points out that the ECB president-elect Lagarde's presentation to the EU Parliament indicated that she will continue Draghi's policies and will also push for fiscal expansion within the region. Key Quotes "Draghi's indication of a concerted stimulus package at the ECB's Sep appeared to be affirmed by ECB Governing Council members Lane and Rehn, but more hawkish members Knot, Weidmann and Lautenschlaeger have recently highlighted potentially deep divisions over further ECB stimulus." "Data into next week's ECB meeting and the ability of Draghi to gain support for a swansong stimulus will be critical for both… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
