EUR In Focus As TLTRO Impact Could

EUR In Focus As TLTRO Impact Could Be Mixed; Staying Short - BNPP
08 Dec 2014 04:08 EDT
By eFXnews.com
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The ECB TLTRO will be in focus as the bank announces the allotment of the 2nd TLTRO operation on Thursday, notes BNP Paribas.

"The first operation saw a low uptake of just €85 bn and another low uptake could put some upside pressure on EUR front-end rates. However, low demand at the TLTRO would also increase the chances of an increase in asset purchases early next year, which would be viewed as EUR-negative. Conversely, a large draw at the operation could reduce QE hopes, squeezing EUR shorts even if it kept EUR front-end rates heavy," BNPP projects.

BNPP remains short EUR/USD and short EUR/GBP heading into this week, with targets of 1.18 and 0.7757 respectively.

Hasil (Bahasa Indonesia) 2:

EUR In Focus Sebagai TLTRO Dampak Mungkinkah Mixed; Tinggal pendek - BNPP
8 Desember 2014 04:08 EDT
Oleh eFXnews.com
Berbagi di print Print Berbagi di email Email ECB TLTRO akan menjadi fokus sebagai bank mengumumkan peruntukan operasi TLTRO 2 pada hari Kamis, catatan BNP Paribas. "The operasi pertama melihat serapan rendah hanya 85 € miliar dan serapan rendah lagi bisa menempatkan beberapa tekanan ke atas pada EUR tingkat front-end. Namun, permintaan rendah di TLTRO juga akan meningkatkan peluang peningkatan pembelian aset awal tahun depan, yang akan dipandang sebagai EUR-negatif. Sebaliknya, hasil imbang besar pada operasi bisa mengurangi harapan QE, meremas celana pendek EUR bahkan jika itu mempertahankan suku EUR front-end berat, "proyek BNPP. BNPP tetap pendek EUR / USD dan pendek EUR / GBP menuju ke minggu ini, dengan target 1,18 dan 0,7757 masing-masing.