ECB to hold policy steady – TDS

Analysts at TD Securities are looking for the ECB to hold policy steady, and have pushed back their forecast for rate cuts by one quarter to March and June 2020.

Key Quotes

“With the Eurozone growth data having stabilised for now, there isn't any sense of urgency to ease further right away, leaving Ms Lagarde to focus on mending fences and building a consensus in her early days.”

US Dollar Index Technical Analysis: A breach of the 200-day SMA near 97.60 should trigger extra losses

The index appears to have met solid contention around the critical 200-day SMA in the 97.60/65 band. A breakdown of this zone should reassert the bear
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BSP seen on hold this month – UOB

Lee Sue Ann, Economist at UOB Group, sees the BSP keeping its monetary policy conditions unchanged at the next meeting. Key Quotes “BSP kept its overn
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