Home ECB promises more measures in presser – EUR/USD dips as
Forex News Today: Daily Trading News

ECB promises more measures in presser – EUR/USD dips as

No change, but the ECB tells us that further measures will be released at the press conference. Draghi knows how to build a drama with “Further measures to be announced later”

EUR/USD made a small dip and tension continues. It fell from around 1.1630 to just above 1.1580 before returning to the exact same place.

ECB QE Live Blog – over €1 trillion in total, decentralized but broad consensus – EUR/USD crashes

There were reports about a 50 billion euro per month program, but without a clear timeframe.

The European Central Bank was not expected to change the interest rates. The main lending rate stands at a record low of 0.05% and the deposit rate at -0.20%. The ECB has already said that rates have reached their lower bound and the focus is on the decision about Quantitative Easing: how much will the ECB print? It was unclear if the ECB would make an  announcement about QE already at the rate statement or at the press conference.

EUR/USD was trading higher, at around 1.1630, before the publication. The pair dipped  around the announcement.

Follow a live blog of the press conference, starting  shortly.

 Draghi Day – all the articles towards the expected QE decision


Yohay Elam

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.