Analysts at TD Securities are looking for today’s ECB decision to largely be a summer placeholder after all the big decisions were already taken in June. Key Quotes “The initial statement at 12:45pm BST should be unchanged from June, and we don’t look for much new information in Draghi’s prepared remarks at 1:30pm either; the Governing Council will likely take some comfort from what appears to be a decent rebound in Q2 growth (the first estimate will be published next week), but that will be balanced on the downside from further protectionism fears.” “The Q&A will likely be a bit more interesting though, as we look for President Draghi to be asked to clarify the translation issues around the ECB’s forward guidance on rates. However, we think that he’s unlikely to get overly specific on month-by-month rate guidance, leaving rates and FX little changed on the day.” 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 Forex Today: AUD/JPY – a big mover as Asia turns risk-averse, ECB decision in focus FX Street 5 years Analysts at TD Securities are looking for today's ECB decision to largely be a summer placeholder after all the big decisions were already taken in June. Key Quotes "The initial statement at 12:45pm BST should be unchanged from June, and we don't look for much new information in Draghi's prepared remarks at 1:30pm either; the Governing Council will likely take some comfort from what appears to be a decent rebound in Q2 growth (the first estimate will be published next week), but that will be balanced on the downside from further protectionism fears." "The Q&A will likely be a bit… 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.
