Mario Draghi has certainly reasserted his leadership and made some seriously dovish statements, vowing to do more. Here are more comments following the live coverage and a chart. EUR/USD fell below support at 1.2440 and continued below 1.24. From Draghi’s press conference: Monetary policies are going in different directions. We know the risks are to the downside, and everybody knows that. 2012 balance sheet levels refers to post LTRO levels of March 2012. It’s part of normal diversity to disagree. No North-South divide. Minutes will keep ECB independence Governing Council signed off the introductory statement unanimously. Dinner went better than expected. Plenty of people have always been involved in preparation of measures. Buying is being outsourced but also using central banks. Confident that the measures will have an impact on the medium term expectations due to various reasons. Eligible universe is 1 trillion euros. Will see more issuance of corporate bonds and ABS. Tasked staff and committees to prepare further measures if needed ECB takes minimal credit risk with ABS, and conservative. Press conference ends with EUR/USD off the lows at 1.2420, but still under resistance at 1.2440. More: Expect Draghi To Prevail; Staying Short EUR/USD targeting 1.18 – BNPP Watch 1.2450 on EUR/USD – Elliott Wave Analysis Did Bundesbankers only vent frustration, unable to stop the inevitable? Sell opportunity in EUR/USD? Draghi discontent: EUR/USD leaps on internal opposition to trillion euro target surfaces 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 AUD, CAD, NZD: Revising Down Forecasts – Nomura Yohay Elam 7 years Mario Draghi has certainly reasserted his leadership and made some seriously dovish statements, vowing to do more. Here are more comments following the live coverage and a chart. EUR/USD fell below support at 1.2440 and continued below 1.24. From Draghi's press conference: Monetary policies are going in different directions. We know the risks are to the downside, and everybody knows that. 2012 balance sheet levels refers to post LTRO levels of March 2012. It's part of normal diversity to disagree. No North-South divide. Minutes will keep ECB independence Governing Council signed off the introductory statement unanimously. Dinner went better than… Top 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.
