Draghi does not rock the boat – EUR/USD ticks higher

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The ECB left the QE program and the interest rates unchanged as expected and also repeated that the QE program will continue to March 2017 or beyond, an unusual addition to the short statement.. /in the press conference, Draghi does not rock the boat. Brexit has been met with resilience, and that is EUR positive. Regarding further action, the approach is “wait and see”. And governments should do more, much more. 

Specifically, he seems to side with the Italian government regarding aid for banks. This will not go down well in Berlin.

We cover the event and of course the impact on the world’s most popular currency pair: EUR/USD.

ECB Live Blog – as it happened

Live blog of the events of the decision at 11:45 and Draghi’s press conference at 12:30

Live Coverage

Follow the live video coverage of the event with Valeria Bednarik and Mauricio Carrillo of FXStreet. And you can participate in the chat:

You can watch the live broadcast here, from 7:00 GMT. The chat box is below and we certainly welcome questions.

(If you can not see or type in the chat box please go here)

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About Author

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 the 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.

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