ECB, a non event coming up this week? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that there was little action in the financial world this Monday, with the week starting in slow motion amid a holiday in Japan.

Key Quotes:

"The latest developments in Turkey had a little effect over global assets, although risk sentiment turned sour, sending investors back into safe-haven assets, resulting in US yields falling back. The 10-year Treasury yield settled at 1.568% from Friday's 1.594%.

The American dollar ended the day modestly lower against all of its major rivals, except for when confronted to Japanese yen, but stands not far from the highs posted last Friday. There were no relevant macroeconomic releases in Europe or America, and the main focus these days is the upcoming ECB meeting on Thursday.

Given that the European Central Bank is still implementing its latest measures, seems hard that Draghi may announce further easing this month, although he is expected to assess the impact of the Brexit. Still, the meeting is closer to be a non-event than ever."