october ecb meeting

Previous: -13.9%

The latest PMI releases saw the EZ-wide composite reading fall into contractionary territory of 49.4 (prev. On the positive side, consumer demand has bounced back surprisingly quickly despite historically weak confidence and retail sales in August were comfortably above their pre-lockdown level. The statement Thursday at the end of the next meeting of the European Central Bank’s Governing Council, and the subsequent comments by ECB … European Central Bank (ECB) President Christine Lagarde speaks during the 16th Congress of Regions in Saint-Ouen, north of Paris, France, on October 19, 2020. Expected: -5.3% Restrictions thus far have not been as harsh as those seen in the spring, however, they will provide a greater headwind to activity than envisaged at the prior meeting. RECENT DATA: The upcoming meeting will take place against a backdrop of Y/Y CPI remaining in negative territory of -0.3%, with the core-reading at 0.4%. At its monetary policy meeting held on October 29th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. Expected: 7.3% Google+, © Copyright: 2020. Twitter FLASH BRIEFOctober ECB meeting preview: Priming the pump, By Jeremy Hawkins, Senior European EconomistOctober 26, 2020.

})(); Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. As such, market participants will be looking for any indication of the nature and extent of potential easing in December.

Sentiment in the Eurozone remained unchanged at September’s to 90.9 points in October, therefore remaining far below February’s pre-crisis level and deeply entrenched below its long-run average of 100 points. Morgan Stanley suggests that accelerating the release of the outcome of the review could amount to another policy option for the Bank. Forward this article to your email lists.

", "The new round of Eurosystem staff macroeconomic projections in December will allow a thorough reassessment of economic outlook and balance of risks. EUR/USD attempts recovery ahead of top eurozone data, GBP/USD hovers over 1.29 amid fears of a UK lockdown, Gold clings to modest gains above $1870 level, remains vulnerable, Forex Today: Fear returns ahead of Halloween amid covid's surge, elections uncertainty, WTI recovers from four-month low as Kuwait denies division in OPEC+ on output cuts. https://www.dailyfx.com/economic-calendar#2020-10-30, The European Central Bank’s Governing Council meets this coming week and its statement Thursday, followed by its President’s news conference, will likely be important in determining the. Client Log In, Facebook Chief Economist Lane, who many regard as one of the thought-leaders on the Governing Council, has drawn attention from his warnings that “there is no room for complacency” in the Bank’s efforts to restore inflation back to target with the central banker cautioning that the resurgence of COVID cases is “posing new problems”.

USD/SGD, USD/IDR, USD/MYR, USD/PHP, Gold Price Forecast: XAU/USD Pre-Election Breakdown to Monthly Lows, Nasdaq 100 Technical Outlook in for a Big Test in Days, Weeks Ahead. October 11, 2020, 9:19 AM EDT ... ECB to Decide ‘Meeting by Meeting’ on Stimulus, Lane to WSJ By . RATES: From a rates perspective, consensus looks for the Bank to stand pat on the deposit, main refi and marginal lending rates of -0.5%, 0.0% and 0.25% respectively. Before the ECB meeting, we'll know if those conditions worsened or improved in October. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. The major ECB monetary policy meetings for 2020 will occur on March 12th, April 30th, June 4th, September 10th, October 29th, and December 10th. As a guide, markets currently have around 2bps of further loosening priced in by year-end and around 10bps by the end of 2021. Previous: -17.9% Indeed, the entire Eurozone yield curve has fallen further below zero since the September ECB meeting and, crucially from a policy perspective, government bond spreads across the region have continued to narrow. Kuwait says it will support any decision by OPEC+ on the oil supply policy. Previous: -13.9% 23/01/2020 Press conference following the Governing Council meeting of the ECB in Frankfurt 19/02/2020 Governing Council of the ECB: non-monetary policy meeting in Frankfurt 12/03/2020 Press conference following the Governing Council meeting of the ECB in Frankfurt 01/04/2020 Governing Council of the ECB… Wed, 10/28/2020 – 20:45, ECB policy announcement due Thursday 29th October; rate decision at 1245GMT/0745CDT, press conference 1330GMT/0830CDT, The upcoming meeting takes place against a backdrop of a resurgence in COVID-19 which has led to the reimposition of various lockdown measures in the EZ, Policymakers are likely to wait until December to unveil any further easing measures, at which point the GC will have greater clarity on the impact of recent developments. Meanwhile, annual prices fell at the sharpest pace in over four years in September and are expected to keep falling over the coming months. Find out more about the major currency pairs and what impacts price movements. The Bank also reaffirmed its emergency quantitative easing program, leaving the size unchanged at a total of EUR 1,350 billion, and We look at currencies regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts, Feel free to contact me on Twitter @MartinSEssex. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. https://www.dailyfx.com/economic-calendar#2020-10-30, GDP Growth Rate YoY Flash (Q3) ECB Meeting Preview

Dow Jones Forecast, British Pound (GBP) Latest: GBP/USD Rallying After Wednesday's Spike Lower, USDJPY Pressing Down on Support as US Election, Covid Lockdowns Fuel Risk Aversion, Japanese Yen Outlook: USD/JPY Dives into Key Technical Support Pivot, Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/2iFyJ4TqLg, GDP Growth Rate QoQ Prel (Q3) However, the Bank suggests that such a move would be unlikely unless accompanied by a rate cut; something that the Bank’s economists do not currently forecast. The set-up supports prospects for additional weakness and warrants caution for bulls. As a result, there has also been talk of a possible increase in the APP, if only to offset the prospective loss of the current emergency envelope that expires in December. Please ask for advice from an independent financial advisor before entering this market. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365). Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch's authorized authors. As mentioned above, no action on this front is expected to be taken at the upcoming meeting as policymakers wish to see how the economy responds to the reimposition of lockdown measures and the presentation of the December economic forecasts. https://www.dailyfx.com/economic-calendar#2020-10-30, Heads Up: GDP Growth Rate QoQ Prel (Q3) due at 09:30 GMT (15min)

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