The ECB leaves rates unchanged at 0% in the main lending rate, -0.40% in the deposit rate and 0.25% in the marginal rate. Perhaps more importantly, the QE program has NOT been extended beyond March 2017. This helps the euro extend its gains. In the press conference, growth has been slightly tweaked down, inflation unchanged and most importantly, there are no details about changes to the end-date nor changes in the bond-buying parameters. However, there are downside risks and the monetary policy needs to be “substantially accommodative”. The ECB calls on governments to do more and pats himself on the back. EUR/USD reaches a high of 1.1328 so far but is unable to hold onto gains. Draghi is dovish but no details – EUR/USD rise could reverse More in the live coverage and blog The European Central The ECB levBank was expected to leave its policy unchanged: the main lending rate at 0%, deposit rate at -0.40% and the QE program at 80 billion per month. An extension of QE beyond the current end-date of March 2017 was on the cards, as well as other tweaks to their bond-buying program. Inflation came out weaker than expected and this could result in more action. However, President Mario Draghi has been calling on governments to share the burden and do more. This has fallen on deaf ears. He might up the ante. EUR/USD was moving higher towards the publication, moving away from support at 1.1240 and towards resistance at 1.1335. Was the market long before the event? Follow the live video coverage and live blog of the decision at 11:45 GMT and Draghi’s press conference which commences at 12:30. ECB Live Blog – as it happened ECB Live Coverage Join Valeria Bednarik, Mauricio Carrillo and me, Yohay Elam, for a live coverage of the event: 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 US Elections: Trump tightens race – markets should notice Yohay Elam 7 years The ECB leaves rates unchanged at 0% in the main lending rate, -0.40% in the deposit rate and 0.25% in the marginal rate. Perhaps more importantly, the QE program has NOT been extended beyond March 2017. This helps the euro extend its gains. In the press conference, growth has been slightly tweaked down, inflation unchanged and most importantly, there are no details about changes to the end-date nor changes in the bond-buying parameters. However, there are downside risks and the monetary policy needs to be "substantially accommodative". The ECB calls on governments to do more and pats himself on… 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.
