Key events taking place: ECB preview – Westpac
By FXStreet FXStreet (Guatemala) – After a quiet spell, things should pick up from here on and analysts at Westpac noted the key events taking place today.
Key Quotes:
“The NAB Q3 business survey is out today.”
See here for current price action in AUD/USD
“The ECB concludes its monetary policy meeting and president Draghi will hold a press conference. Most analysts expect that there will be no fresh easing announced today, but that the statement will be dovish.”
“EUR trade should be lively over the press conference, with risk of squeezes if Draghi isn’t seen as sufficiently dovish. We also have UK Sep retail sales. This has been trending higher since 2008, but has slipped in recent months. Consensus for the ex-auto fuels measure is for a 0.4% m/m and 4.7% y/y rise as low inflation and the strengthening labour market boost spending.”
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Source:: FX Street
