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After the ECB left the rates unchanged, the embattled ECB president Mario Draghi meets the press. Will he send a dovish message about a big expansion in the balance sheet? About QE? Weak data suggests so, and this will surely hurt the euro. Or will he succumb to German pressure. He will  certainly be grilled about his relations with some board members.

Here it is:  live blog of the  Mario Draghi’s expected QE announcement  – January 22 2015

This time, we feature a live coverage of the event with Valeria  Bednarik of FXStreet and I. You can follow our coverage, with analysis and charts, right here below.

ECB Press Conference Live Video Coverage

Some written  highlights will be added here, and below the video, you can find background information:

Highlights:

  • Jobless claims down to 278K – good news from the US
  • Draghi: Balance sheet is expected to move towards the dimensions it had at the beginning of 2012.
  • Draghi: With the measures, monetary policy has responded to inflation outlook, weakening growth and subdued monetary and credit dynamics
  • EUR/USD falls sharply|
  • DRAGHI SAYS ECB OFFICIALS UNANIMOUS ON MORE STIMULUS IF NEEDED
  • Further measures to be prepared by ECB staff
  • Draghi says the governing council signed the introductory statement unanimously.
  • EUR/USD slips below 1.24, loses support at 1.2440. Next level is 1.2360.
  • More  cover here:  Draghi Defies Discontent – EUR/USD dips below 1.24


Live streaming video by Ustream