ECB to join BOJ in lycra? – Rabobank

FXStreet (Barcelona) - Michael Every of Rabobank notes today’s event of Draghi’s testimony in Brussels as an important event as the market awaits a clear indication for ‘QE’.

Key Quotes

“Today has the BOE’s Carney speaking in Singapore, and we also get Haldane later in the day. From the ECB we hear from Mersch, Praet, and Ceure, but the focus is on Draghi’s quarterly testimony in Brussels. Particular importance will be attached to that event as markets are clearly waiting for the ECB to dash into a phone box and run out again in a superhero costume with “QE” emblazoned on their chest to save the day – just as the BOJ has just done.”