The European Central Bank decided not to lower the benchmark lending rate and leave it unchanged at 0.75%. There wasn’t a clear cut among analysts if the ECB would cut or leave the interest rate unchanged at 0.75%. EUR/USD traded at 1.2615 before the release, just under the critical 1.2624 line and is now breaking higher, and pass 1.2650 before retreating. Note that EURUSD broke above the triple top that characterized it. Follow the live blog of Draghi’s press conference. With everything that’s going on, only seeing the pair sustaining these levels after Draghi will show that this break is real. The deposit rate was also left unchanged at 0%. Mario Draghi is set to begin speaking in the highly anticipated press conference at 12:30 GMT. He will lay out the bond buying scheme, which has been partially or fully leaked. For more, see the EUR/USD forecast. Stay tuned for a live blog of Draghi’s press conference. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex News share Read Next OMT Details Presented – Could Come With Limited Conditions Yohay Elam 9 years The European Central Bank decided not to lower the benchmark lending rate and leave it unchanged at 0.75%. There wasn't a clear cut among analysts if the ECB would cut or leave the interest rate unchanged at 0.75%. EUR/USD traded at 1.2615 before the release, just under the critical 1.2624 line and is now breaking higher, and pass 1.2650 before retreating. Note that EURUSD broke above the triple top that characterized it. Follow the live blog of Draghi's press conference. With everything that's going on, only seeing the pair sustaining these levels after Draghi will show that this break is… 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.
