ECB leaves all rates unchanged as expected

After the huge monetary blitz the ECB introduced in June (including the historic negative deposit rate), there was a consensus that the European Central Bank will refrain from action today.

EUR/USD traded around 1.3650 towards the publication continuing the steady trade seen earlier in the day.

However, the lack of monetary policy change does not mean a lack of action: at 12:30 GMT ECB president Mario Draghi meets the press. And at the same time, the US releases the Non-Farm Payrolls, in a rare timing on Thursday.

Follow the live coverage here:

Live streaming video by Ustream

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 posts by Yohay Elam