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EGB Supply W/C October 24, 2022


Uptrend Remains Intact


W/C 24 October, 2022


Trades Below Key Support


EUR/USD Eyes 100-DMA Ahead Of ECB


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ECB: Q: And are you comfortable with that situation?
A: Our measures take time to fully take effect. That does not happen overnight.
Besides, monetary policy is not alone in providing support to the economy.
Fiscal policy also plays a very important role, and we have seen a lot of action
there as well.
Q: The asset purchases have slowed down in the past few weeks. Does this have
anything to do with the improvement that you mentioned?
A: Markets must be careful not to read too much into data that show short-term
variations in the pace of our asset purchases. These purchases are determined by
various factors, including seasonality. There is typically less activity in both
the primary and secondary markets during summertime. That's one reason why the
monthly volume of purchases may drop.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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