ECB comments at the Sintra CB forum and elsewhere have underscored their rationale for ending APP and their extended forward guidance, according to Tim Riddell, Research Analyst at Westpac. Key Quotes “Updated projections from both ECB and Bundesbank indicate that headline CPIs will be benign through their forecast period, despite higher fuel prices and steady wage growth. ECB concerns over increased uncertainties due to trade tensions and EU political risks explain their forward guidance.” “Additionally, faltering PMIs, sliding ZEW expectations and declining capital goods orders suggest that recent soft activity could extend into H2 18. Following flash PMIs, next week’s IFO and CPI data will be key.” “The increased political tension within EU means that the Leaders’ Summit is also of increasing importance. It will now primarily focus on migration. Reform and EU’s budget also remain key issues.” “All aspects are likely to weigh on EUR into the summit. Rebounds should be limited within a perceived 1.12-1.19 range.” 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 OPEC ministers agree in principle to bring output compliance back to 100% – RTRS FX Street 4 years ECB comments at the Sintra CB forum and elsewhere have underscored their rationale for ending APP and their extended forward guidance, according to Tim Riddell, Research Analyst at Westpac. Key Quotes "Updated projections from both ECB and Bundesbank indicate that headline CPIs will be benign through their forecast period, despite higher fuel prices and steady wage growth. ECB concerns over increased uncertainties due to trade tensions and EU political risks explain their forward guidance." "Additionally, faltering PMIs, sliding ZEW expectations and declining capital goods orders suggest that recent soft activity could extend into H2 18. Following flash PMIs, next week's… Top 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.
