According to Jens Pedersen, Senior Analyst at Danske Bank, both speeches by Yellen and Draghi will be in the limelight today.
“There is a number of important central bank speeches in the calendar today”.
“ECB president Mario Draghi will address the ECB forum on Central Banking at 10:00 CET and ECB chief economist Peter Praet will chair an academic session on Unemployment and Inflation”.
“It seems unlikely that Draghi and Praet will cover the operational issues in the QE programme that have been in focus in the financial markets in the past week”.
“US Fed chairwoman Janet Yellen will this evening speak about the outlook for the US economy. She will probably repeat the message from Wednesday’s FOMC minutes that the slowdown in Q1 was most likely temporary but because of uncertainty it is difficult to give more precise guidance on the first hike except it is unlikely to be in June”.