According to Tim Riddell, senior market strategist at Westpac, markets had been primed by Draghi to anticipate both rate cuts and a restart of the ECB’s asset purchase program. Key Quotes “The clear indication now is that ECB are likely to loosen their largely self-imposed limits on purchases with the potential of an “operation switch” to extend duration and credit in order to have greater impact.” “The danger for ECB now is that markets have built up their expectations. This could result in a perceived failure to deliver causing market distress that could undermine confidence and EUR.” “Uncertainty from politics in Italy and Spain should be seen as distractions at present. If Germany can push fiscal stimulus, together with effective ECB policy, there could be a notable lift for regional confidence and EUR. However, EUR rebounds are likely to be limited in the near term. Obstacles for German policy and risks of ECB disappointment may test EUR’s 1.10 support.” 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 Wall Street opens modestly higher led by financials FX Street 4 years According to Tim Riddell, senior market strategist at Westpac, markets had been primed by Draghi to anticipate both rate cuts and a restart of the ECB's asset purchase program. Key Quotes "The clear indication now is that ECB are likely to loosen their largely self-imposed limits on purchases with the potential of an "operation switch" to extend duration and credit in order to have greater impact." "The danger for ECB now is that markets have built up their expectations. This could result in a perceived failure to deliver causing market distress that could undermine confidence and EUR." "Uncertainty from politics… 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.
