As expected. EUR/USD slips a bit lower, extending its drops and heading to 1.1485. Support awaits at 1.1145 and 1.13. Resistance is at 1.1580. The main lending rate was left at 0% and the deposit rate at -0.40%. The QE program is at 60 billion euros a month and the big question remains about its future beyond the current end-date at the end of the year. Update: Dovish Draghi? Doesn’t convince EUR/USD – jumps 80 pips Any kind of tapering or reduction will help the euro. Interest rates will likely rise only in 2019 or 2020. The press conference commences at 12:30 GMT. Stay tuned. Is a dovish Draghi already priced in? More: Trading the ECB with EUR/USD – 3 opinions Preview: will Draghi drag down the euro? Here is part of the statement: If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the programme in terms of size and/or duration. Here is the chart showing the recent drag: 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 Dovish Draghi? Doesn’t convince EUR/USD – jumps 80 pips Yohay Elam 6 years As expected. EUR/USD slips a bit lower, extending its drops and heading to 1.1485. Support awaits at 1.1145 and 1.13. Resistance is at 1.1580. The main lending rate was left at 0% and the deposit rate at -0.40%. The QE program is at 60 billion euros a month and the big question remains about its future beyond the current end-date at the end of the year. Update: Dovish Draghi? Doesn't convince EUR/USD - jumps 80 pips Any kind of tapering or reduction will help the euro. Interest rates will likely rise only in 2019 or 2020. The press conference commences… 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.
