With ECB policy largely set for the next year or so and the macro picture little changed, analysts at TD Securities are not looking for any big revelations from President Draghi. Key Quotes “However, he will need to clarify the ECB’s forward guidance on rates, especially given the recent questions around the translation of the June statement.” “FX: We expect a fairly muted FX market reaction this month and think the threshold to break out of recent ranges is rather high. Draghi may indeed provide some clarity over what precisely the summer of 2019 means, but we struggle to think the FX market will get overly excited one way or the other.” “Rates: We prefer heading to the July ECB meeting with a neutral stance on the front-end curve. Meanwhile, we still think the rally in the Bund curve a bit overdone. Therefore, we maintain our recommendation for short 10y Bund real yields and 5s30s curve steepeners.” 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 EUR/USD appears supported on dips in the longer run – Scotiabank FX Street 5 years With ECB policy largely set for the next year or so and the macro picture little changed, analysts at TD Securities are not looking for any big revelations from President Draghi. Key Quotes "However, he will need to clarify the ECB's forward guidance on rates, especially given the recent questions around the translation of the June statement." "FX: We expect a fairly muted FX market reaction this month and think the threshold to break out of recent ranges is rather high. Draghi may indeed provide some clarity over what precisely the summer of 2019 means, but we struggle to think… 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.
