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(ECB Expected To Remain On Hold With Monetary Policy; Draghi Likely To Remain Dovish)
(鈥極nce Upon A Time鈥?Season 4 Spoilers- Were Kristen Bell And Idina Menzel Considered For 鈥楩rozen鈥?Roles-)
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() 鈥?The European Central Bank is expected to leave monetary policy unchanged this week, but President Mario Draghi likely will reiterate to markets that policy-makers remain ready to undertake more monetary accommodation if necessary, analysts said.
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鈥淥nce Upon a Time鈥?lovers are head-over-heels obsessed with the ABC show鈥檚 casting of 鈥淔rozen鈥?characters Elsa and Anna. But fans of the 2013 animated Disney movie are still wondering why leads Kristen <a href=http://www.buycelinebags.com>Celine Bags</a> Bell and Idina Menzel were not cast in the coveted TV roles. Fortunately, the casting process for the 鈥淔rozen鈥?princesses won鈥檛 remain a mystery 鈥?because co-creators Adam Horowitz and Eddie Kitsis were happy to open up about it.
The ECB is scheduled to meet on Thursday.
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Speaking with , Kitsis revealed that they didn鈥檛 even go after the stars of Disney鈥檚 鈥淔rozen鈥?to offer them the roles. But it wasn鈥檛 because they didn鈥檛 enjoy them in the animated film. In fact, the creators swore they鈥檙e big fans of Bell and Menzel.
Eurozone inflation fell in July to 0.4% year-on-year, the lowest level since October 2009, and is well below the ECB鈥檚 target rate of 2%. ECB officials have suggested in the past that a rate below 1% poses a risk of deflation.
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鈥淭hose actors were so amazing,鈥?Horowitz explained. 鈥淏ut it鈥檚 their own thing. They should have their thing, and what we鈥檙e doing is separate from the movie. We鈥檙e not trying to do a sequel to 鈥楩rozen.鈥?We鈥檙e trying to do our 鈥極nce Upon a Time鈥?version of it and create our own little world and hope that fans of 鈥楩rozen鈥?and fans of 鈥極nce鈥?can enjoy it.鈥?
Still, ECB policy-makers are expected to stay on hold as they continue to monitor the impact of monetary accommodation measures announced in June. Back then, the ECB cut interest rates and said it would conduct targeted longer-term refinancing operations aimed at improving bank lending.
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As 鈥淥nce Upon a Time鈥?fans know, the ABC series decided to cast 鈥淔ringe鈥?alum Georgina Haig as Elsa, the beautiful princess from Arendelle with the power to create snow, ice and frost. Meanwhile, newcomer Elizabeth Lail was cast as Elsa鈥檚 sister, Anna. as 鈥渇un-loving, fearless optimist who often gets herself into situations where she is over her head, yet is able to triumph due to her resourcefulness and can-do spirit.鈥?
鈥淚 am expecting absolutely nothing,鈥?said Christopher Vecchio, currency analyst at DailyFX. 鈥淭his is a weird in-between meeting where the ECB is still conducting it stress tests (on banks) and collecting data from those results. There has simply not been enough time passed since the June measures to say whether or not the accelerated pace of easing has had the wanted <a href=http://www.saclouisvuittonhomme.com/bagages-louis-vuitton-48>Bagages Louis Vuitton</a> or desired effects.鈥?
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While Horowitz and Kitsis are attempting a 鈥淥nce Upon a Time鈥?version of 鈥淔rozen,鈥?fans of the movie shouldn鈥檛 worry about them straying too far from the original story. Following the Season 3 finale, Horowitz told  that they鈥檙e looking to 鈥渉onor what came in the movie.鈥?
Mark McCormick, forex strategist with Cr dit Agricole, described the ECB meeting as a 鈥渢ransitional鈥?one.  
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鈥淲e鈥檙e not trying to redefine the character,鈥?Horowitz said of <a href=http://www.buycelinebags.com>Buy Celine Bags</a> Elsa鈥檚 introduction. 鈥淲hat we鈥檙e trying to do is take this beloved character and fit her into our world.鈥?
鈥淭hey introduced new policy measures a few months ago,鈥?he said. 鈥淭he targeted LTRO won鈥檛 start until September. So now, they鈥檙e trying to see the response to the new policy actions they put in place. They鈥檙e really in wait-and-see mode.鈥?
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鈥淥nce Upon a Time鈥?fans will be able to see that 聽that will reveal how Elsa ended up in Rumplestiltskin鈥檚 vault. Another big question the will explore is what Elsa will be up to upon exiting the farmhouse in Storybrooke. But the main concern on everyone鈥檚 mind?  Emma鈥檚 Jennifer Morrison revealed that she had the same question when she learned that the 鈥淔rozen鈥?characters would be joining the show.
He sees potential downside for the euro if Draghi should suggest there are still more downside risks to inflation. 鈥淚 think they鈥檒l remain pretty assertive about their accommodative stance,鈥?McCormick said. This could provide some headwinds for the euro, especially with the Federal Reserve continuing to taper its bond-buying program known as <a href=http://www.saclouisvuittonhomme.com/portefeuille-louis-vuitton-50>Portefeuille Louis Vuitton</a> quantitative easing, McCormick added.
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鈥淚, as an audience member of the scripts, was totally fascinated to see were they going to be our friends, were they going to be our villains, was the ice going to be a problem, was it not going to be a problem, so I think a lot of the questions that the fans have are questions that we all had,鈥?Morrison told  鈥淲e are now discovering one script at a time the way they鈥檝e put them in <a href=http://www.buycelinebags.com>Celine UK Outlet</a> our world, and it鈥檚 amazing to see how it feels like they鈥檝e always been there.鈥?
Vecchio and analysts at Barclays also look for Draghi to continue sounding a dovish tone.
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鈥淲hile we and the market do not expect any change in policy, ECB President Mario Draghi is likely to reaffirm the central bank鈥檚 commitment to using extraordinary policy measures to ease monetary conditions, including the prospect of ABS (asset-backed securities) purchases, and address very low euro area inflation,鈥?Barclays said in a research note. 鈥淲e look for further information regarding the implementation of those measures in the press conference, particularly after data last week showed inflation had declined to 0.4% y/y in July and is likely to reach a cyclical low of 0.3% y/y in August and September.鈥?
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If Draghi does not come off as still dovish, Vecchio added, the  could rally as positioning is 鈥減retty one-sided.鈥?The net-short position in euro futures contracts for the large non-commercial accounts 鈥?according to weekly data from the Commodity Futures Trading Commission鈥攊s at the highest level since <a href=http://www.saclouisvuittonhomme.com/court-portefeuilles-74>Court Portefeuilles</a> August 2012, he said.  
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Otherwise, the meeting is likely to be a non-event for the euro, he said. Likewise, Vecchio does not anticipate a big move in  as a result of the ECB meeting, especially with as-expected outcome.
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鈥淭hat being said, August has been a strong month for gold the last several years on a seasonal basis,鈥?Vecchio said. This is when physical buying often starts picking up ahead of a number of holidays around the globe in autumn and ahead of the Christmas holiday in Western nations.  
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鈥淎nd, with all of the geopolitical tensions flaring around the world, it鈥檚 hard to imagine that gold is going to take a significant hit in the near term,鈥?he added.
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By Allen Sykora of Kitco News;
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Revision as of 04:21, 30 August 2014

@@@ 鈥淥nce Upon a Time鈥?lovers are head-over-heels obsessed with the ABC show鈥檚 casting of 鈥淔rozen鈥?characters Elsa and Anna. But fans of the 2013 animated Disney movie are still wondering why leads Kristen <a href=http://www.buycelinebags.com>Celine Bags</a> Bell and Idina Menzel were not cast in the coveted TV roles. Fortunately, the casting process for the 鈥淔rozen鈥?princesses won鈥檛 remain a mystery 鈥?because co-creators Adam Horowitz and Eddie Kitsis were happy to open up about it. Speaking with , Kitsis revealed that they didn鈥檛 even go after the stars of Disney鈥檚 鈥淔rozen鈥?to offer them the roles. But it wasn鈥檛 because they didn鈥檛 enjoy them in the animated film. In fact, the creators swore they鈥檙e big fans of Bell and Menzel. 鈥淭hose actors were so amazing,鈥?Horowitz explained. 鈥淏ut it鈥檚 their own thing. They should have their thing, and what we鈥檙e doing is separate from the movie. We鈥檙e not trying to do a sequel to 鈥楩rozen.鈥?We鈥檙e trying to do our 鈥極nce Upon a Time鈥?version of it and create our own little world and hope that fans of 鈥楩rozen鈥?and fans of 鈥極nce鈥?can enjoy it.鈥? As 鈥淥nce Upon a Time鈥?fans know, the ABC series decided to cast 鈥淔ringe鈥?alum Georgina Haig as Elsa, the beautiful princess from Arendelle with the power to create snow, ice and frost. Meanwhile, newcomer Elizabeth Lail was cast as Elsa鈥檚 sister, Anna. as 鈥渇un-loving, fearless optimist who often gets herself into situations where she is over her head, yet is able to triumph due to her resourcefulness and can-do spirit.鈥? While Horowitz and Kitsis are attempting a 鈥淥nce Upon a Time鈥?version of 鈥淔rozen,鈥?fans of the movie shouldn鈥檛 worry about them straying too far from the original story. Following the Season 3 finale, Horowitz told that they鈥檙e looking to 鈥渉onor what came in the movie.鈥? 鈥淲e鈥檙e not trying to redefine the character,鈥?Horowitz said of <a href=http://www.buycelinebags.com>Buy Celine Bags</a> Elsa鈥檚 introduction. 鈥淲hat we鈥檙e trying to do is take this beloved character and fit her into our world.鈥? 鈥淥nce Upon a Time鈥?fans will be able to see that 聽that will reveal how Elsa ended up in Rumplestiltskin鈥檚 vault. Another big question the will explore is what Elsa will be up to upon exiting the farmhouse in Storybrooke. But the main concern on everyone鈥檚 mind? Emma鈥檚 Jennifer Morrison revealed that she had the same question when she learned that the 鈥淔rozen鈥?characters would be joining the show. 鈥淚, as an audience member of the scripts, was totally fascinated to see were they going to be our friends, were they going to be our villains, was the ice going to be a problem, was it not going to be a problem, so I think a lot of the questions that the fans have are questions that we all had,鈥?Morrison told 鈥淲e are now discovering one script at a time the way they鈥檝e put them in <a href=http://www.buycelinebags.com>Celine UK Outlet</a> our world, and it鈥檚 amazing to see how it feels like they鈥檝e always been there.鈥?

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