Mario Draghi defied the discontent and delivered a dovish message. EUR/USD is trading at the 1.2360 handle. What’s next for the single currency? The team at Danske lays the potential path: Here is their view, courtesy of eFXnews: The ECB press conference today was clearly dovish in both Mario Draghi’s tone and the actual change in statement. The ECB now officially targets a balance sheet the same size as in early 2012 (Draghi said March 2012 during the Q&A), which is effectively a target of EUR3trn. This is an increase of EUR950bn from today’s level. So, Draghi did it again. He speaks out of the manuscript initially – this time mentioning the size of the balance sheet in 2012 as a soft target without backing from the Council – only to get it into the manuscript subsequently. …The ECB was clearly dovish at today’s press conference. EUR/USD fell 1 figure on the press conference and we believe it has further to fall. In our view, it also reflects that the market is very keen to buy the USD and sell the EUR and is using any opportunity to express this view. We forecast EUR/USD will reach 1.20 in six months time. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. 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 EUR/USD DailyForex News Today: Daily Trading News share Read Next Draghi strives for action FxPro - Forex Broker 7 years Mario Draghi defied the discontent and delivered a dovish message. EUR/USD is trading at the 1.2360 handle. What's next for the single currency? The team at Danske lays the potential path: Here is their view, courtesy of eFXnews: The ECB press conference today was clearly dovish in both Mario Draghi's tone and the actual change in statement. The ECB now officially targets a balance sheet the same size as in early 2012 (Draghi said March 2012 during the Q&A), which is effectively a target of EUR3trn. This is an increase of EUR950bn from today's level. So, Draghi did it again.… 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.
