Benoît CÅ“uré, a member of the ECB’s executive board, said that so far, a change of policy has not been discussed. This does not sound like earth-shattering news but serves as a setback after Draghi’s Sintra Speech. There, the President of the ECB talked about the need to begin removing stimulus and sounded optimistic in general. After Draghi’s speech, the ECB tried to downplay what was said there. The “clarification” sent EUR/USD swiftly lower, but the crash was merely a “flash” kind of crash, and the rebound was even quicker, with the euro eventually reaching higher ground. This speech by CÅ“uré seems like another attempt to dampen expectations and perhaps dampen the strength of the single currency. EUR/USD dropped from around 1.1365 to a new low of 1.1318, close to support at 1.13. After the initial drop, the pair is rebounding to 1.1330. On the way, euro/dollar slipped under 1.1335, which was the low seen yesterday. All in all, the pair is in retreat mode this week. Last week, Draghi’s drive and some USD weakness sent it as high as 1.1445. This week is more favorable for the US dollar. Here is how it looks on the EUR/USD 30-minute chart: 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EURGBP and German Dax Analysis Gregor Horvat 6 years Benoît CÅ“uré, a member of the ECB's executive board, said that so far, a change of policy has not been discussed. This does not sound like earth-shattering news but serves as a setback after Draghi's Sintra Speech. There, the President of the ECB talked about the need to begin removing stimulus and sounded optimistic in general. After Draghi's speech, the ECB tried to downplay what was said there. The "clarification" sent EUR/USD swiftly lower, but the crash was merely a "flash" kind of crash, and the rebound was even quicker, with the euro eventually reaching higher ground. This speech by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
