With the current credit widening and particularly Italian surge in yields, analysts at Danske Bank believe a forceful response from the ECB to act as a circuit breaker is needed. Key quotes “We believe the ECB needs to step in urgently and do ‘whatever it takes’. We argue for a QE scale up with ISIN limits, more flexible QE implementation or an SMP programme when the BTP-Bund spread hits 350-400bp in coming days.” “A permanent deviation from the capital key would solve much of the problem concerning implementation. However, this would face significant pressure, as the capital key has served as the foundation of the PSPP programme.” “We believe SMP programme is very suitable in the current situation. The political will to restart it may not be there but this programme was intended for situations such as this.” 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 Ethereum Price Analysis: ETH/USD breaking down $100 could be very punishing this time FX Street 2 years With the current credit widening and particularly Italian surge in yields, analysts at Danske Bank believe a forceful response from the ECB to act as a circuit breaker is needed. Key quotes “We believe the ECB needs to step in urgently and do ‘whatever it takes’. We argue for a QE scale up with ISIN limits, more flexible QE implementation or an SMP programme when the BTP-Bund spread hits 350-400bp in coming days.” “A permanent deviation from the capital key would solve much of the problem concerning implementation. However, this would face significant pressure, as the capital key has served… 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.
