ECB Leaves policy unchanged October 2015

The European Central Bank was expected to leave policy unchanged: the main lending rate at 0.05%, the deposit rate at -0.20% (deep negative) and the QE program unchanged at 60 billion euros per month through September 2016.

Draghi announces QE assessment – EUR/USD falls

The focus is on the Draghi show – the press conference by the ECB president beginning at 12:30 GMT. Join the live coverage here:

EUR/USD was trading somewhat lower during the day, at around 1.1315. Support awaits at 1.1290 and 1.1215. Resistance is at 1.14 and 1.1460.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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