SaxoTV

Hardy: EURUSD sell-off as dovish Draghi hints at more QE

876 views
October 22, 2015 deposit, deposit rate, dollar, draghi, draghi ecb, draghi ecb comments, draghi options, draghi reaction, ecb, ecb action, ecb balance sheet, ecb council, ecb draghi, ecb euro, ecb inflation target, ecb mandate, ecb meeting, ecb news, ecb policies, ecb policy, ecb qe, ecb rate, ecb rate decision, ecb rate decision interest rates, ecb rates, ecb rates decision, economic, economic growth, economics, economy, eur, euro, euro area, euro dollar, euro zone, eurodollar, europe, european, european central bank, european central banks, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurusd, eurusd trade, foreign exchange, forex, forex market, forex markets, forex trading, fx, fx forex, fx market, fx markets, fx strategy, fx trade, fx trading, inflation, mario draghi, market, markets, qe, qe2, quantitative easing, saxo bank, saxo tv, trading, tradingfloor.com
The European Central Bank President, Mario Draghi, has delivered a 'dovish blast of forward guidance' says Saxo's John Hardy with his 'explicit rhetoric'. Hardy said the ECB will re-examine the degree of QE stimulus in December and that it could continue beyond September 2016 if necessary. 

The euro has responded with a steep sell-off with EURUSD trading below 1.12. Hardy says it fell further after Draghi mentioned that another cut in the already negative Deposit Facility Rate was discussed.

John says the focus is next week's FOMC meeting.