Draghi now sees “balanced risks” instead of “downside risks”. Growth looks good. However, inflation is subdued and requires ongoing monetary accommodation. Growth forecasts have been upgraded and tail risks have disappeared. Draghi also pats the ECB on the back for creating millions of jobs thanks to QE. But, inflation has been downgraded even more than leaked yesterday. This hurts the euro. He even added that “nothing substantial has changed on inflation”. Core inflation is stuck and Draghi is frustrated. In order to remove stimulus, they would need to be confident about self-sustained inflation, and it does not seem close. EUR/USD falls close to 1.12. Follow the live blog below After the ECB removed its reference to lower rates, EUR/USD surprisingly dropped. Will Draghi hit the euro when it’s down? Or will he sound more optimistic, erasing “downside risks” from his usual text? ECB President Mario Draghi meets the press on June 8, 2017. He is expected to remove the phrase “downside risks” and set the stage for tapering. EUR/USD is certainly on the move, with higher volatility than usual. Live Blog – as it happened Live coverage – as it happened 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 Comey says Trump lied – limited market reaction Yohay Elam 6 years Draghi now sees "balanced risks" instead of "downside risks". Growth looks good. However, inflation is subdued and requires ongoing monetary accommodation. Growth forecasts have been upgraded and tail risks have disappeared. Draghi also pats the ECB on the back for creating millions of jobs thanks to QE. But, inflation has been downgraded even more than leaked yesterday. This hurts the euro. He even added that "nothing substantial has changed on inflation". Core inflation is stuck and Draghi is frustrated. In order to remove stimulus, they would need to be confident about self-sustained inflation, and it does not seem close. EUR/USD… 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.
