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ECB Leaves rates unchanged – on to Draghi Drama

No change from the ECB, as expected. The euro remains almost frozen in anticipation of Draghi’s words, especially after the all talk this week.

The ECB was widely expected to leave the  main lending rate unchanged at 0.05% and the deposit rate at -20%. Draghi has already stated that rates have reached their lower bound, so there’s no surprise there.

EUR/USD managed to rise above 1.25 towards the decision. All eyes are on Draghi now. What will he say in the press  conference? Join  Valeria Bednarik and I for a live video coverage of the ECB event.

Here is the video feed and some background information:


Live streaming video by Ustream

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.