Analysts at TD Securities (TDS) offered a brief preview of next week’s important European event risk, the latest monetary policy update by the European Central Bank (ECB). Key Quotes: Draghi’s final ECB meeting is likely to be a dovish one. Inflation expectations are likely still at record lows, inflation has disappointed, and GDP growth will need to be revised lower again in December. We think that markets are being complacent about the odds of another rate cut this year, even if they won’t be able to price that in until after we get a better idea of Lagarde’s view on monetary policy. The ECB looks unlikely to provide EURUSD with a strong directional cue. A lack of fresh policy initiatives keeps attention elsewhere. A dovish message could temper recent gains, but EUR should remain more sensitive to Brexit developments and broader risk appetite. The market reaction should be relatively muted at the next week’s meeting. The key driver for risk sentiment will be the developments on the Brexit front in the coming week. With respect to monetary policy, market focus does turn to the implementation of the ECB’s tiered deposit system on October 30 as well as the start of the new QE purchases from November 1. 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 Fed’s Kaplan: US not immune to slowdown in the rest of the world FX Street 3 years Analysts at TD Securities (TDS) offered a brief preview of next week's important European event risk, the latest monetary policy update by the European Central Bank (ECB). Key Quotes: Draghi's final ECB meeting is likely to be a dovish one. Inflation expectations are likely still at record lows, inflation has disappointed, and GDP growth will need to be revised lower again in December. We think that markets are being complacent about the odds of another rate cut this year, even if they won't be able to price that in until after we get a better idea of Lagarde's view on… 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.
