Buying corporate debt is certainly a controversial issue, but it seems that it still appears on the agenda. After the initial reports yesterday, the topic certainly stays on the agenda. ECB member Luc Coene said that while there is no concrete proposal on buying bonds, he did say it has already been mentioned by “some” and that in order to “reach the volumes that we have in mind”, also this is part of the discussion. EUR/USD is not waiting for a concrete discussion: it already hit support at 1.27 before bouncing back up. Even if the ECB refrains from buying corporate bonds and finds another financial scheme, it is clear that Draghi and his colleagues will do “everything they can” in order to expand the balance sheet, and when the balance grows, more euros are printed and the currency suffers. We will hopefully get some more “concrete” answers to some of the questions in the upcoming meeting on November 6th, and inflation data should also keep the members awake at night. More: Sell EUR/USD On Failure To Break 1.29 – SocGen Here is how it looks on the 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 MPC Meeting Minutes vote remains 7:2, worries expressed – Yohay Elam 7 years Buying corporate debt is certainly a controversial issue, but it seems that it still appears on the agenda. After the initial reports yesterday, the topic certainly stays on the agenda. ECB member Luc Coene said that while there is no concrete proposal on buying bonds, he did say it has already been mentioned by "some" and that in order to "reach the volumes that we have in mind", also this is part of the discussion. EUR/USD is not waiting for a concrete discussion: it already hit support at 1.27 before bouncing back up. Even if the ECB refrains from buying… 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.
