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21 Oct 2015
EUR/USD: ECB will not like 1.1500 - BBH
FXStreet (Guatemala) - Analysts at BBH noted that the ECB meets tomorrow.
Key Quotes:
"While the flexibility of QE will likely be emphasized, some market participants may be disappointed by the tempered dovishness. Narrow ranges have prevailed since last Thursday's reversal. However, the risk of disappointment may favor the upside near-term. "
"Specifically, the $1.1320-1.1330 area may offer a springboard to retest the $1.1400-1.1425 area. On the other hand, continued euro gains are not helpful to the Eurozone, and one should expect some verbal pushback if it moves closer to the $1.15 area."
What is QE anyway?
Key Quotes:
"While the flexibility of QE will likely be emphasized, some market participants may be disappointed by the tempered dovishness. Narrow ranges have prevailed since last Thursday's reversal. However, the risk of disappointment may favor the upside near-term. "
"Specifically, the $1.1320-1.1330 area may offer a springboard to retest the $1.1400-1.1425 area. On the other hand, continued euro gains are not helpful to the Eurozone, and one should expect some verbal pushback if it moves closer to the $1.15 area."
What is QE anyway?