22 Jan 2015
FXStreet: Markets dominated by the ECB's monetary policy announcement – Tip Tv
FXStreet (Barcelona) - In today's video, FXStreet’s Craig Drake and the Tip Tv Team discuss about the potential reaction in EUR post the probable ECB QE announcement.
Key Quotes
“Markets will be completely dominated by the anticipation and the aftermath of the European Central Bank's monetary policy announcement. Speculation surrounds the timing, scope, scale and conditions of and sovereign debt buying programme from the ECB.”
“As things stand, the risks in EUR are heavily to the upside with anything less than EUR500bn of quantitative easing already heavily priced in. If you are short euro and haven't made your money out of that position already in 2015 then today is not the day that you're going to make it.”
“The most likely outcome in terms of the scale or scope of ECB QE (whether it launches today or in March) is the EUR50bn-a-month figure ostensibly leaked yesterday, covering mutualised sovereign debt purchases at investment grade and above with Greece excluded.”
Key Quotes
“Markets will be completely dominated by the anticipation and the aftermath of the European Central Bank's monetary policy announcement. Speculation surrounds the timing, scope, scale and conditions of and sovereign debt buying programme from the ECB.”
“As things stand, the risks in EUR are heavily to the upside with anything less than EUR500bn of quantitative easing already heavily priced in. If you are short euro and haven't made your money out of that position already in 2015 then today is not the day that you're going to make it.”
“The most likely outcome in terms of the scale or scope of ECB QE (whether it launches today or in March) is the EUR50bn-a-month figure ostensibly leaked yesterday, covering mutualised sovereign debt purchases at investment grade and above with Greece excluded.”