Flash: ECB coming up - TD Securities

FXstreet.com (London) - Research teams at TD Securities said that we head into today’s ECB decision with EUR trading in a fairly tight range after Monday’s US ISM.

They suspect Draghi would prefer this event to be uneventful, but the risks are skewed towards mild financial market disappointment. While they do not expect any change to rates there is a decent minority looking for a cut, and while clearly there is some risk of another cut, they suspect there will be disappointment on confirmation of unchanged rates.