ECB Preview: Draghi drag or top-tapering? EUR/USD awaits [Video]


It is money time for the European Central Bank: more QE or less QE? That is the question. A 6-month extension is on the cards and is already priced in, but the ECB could also opt for a longer extension that would hurt the euro or tapering bond-buys down, pushing the common currency higher. Apart from the fate of the scheme, the fresh forecasts as well as the tone matter quite a lot. The recovery of EUR/USD has waned down ahead of the big event.

Video preview of the December ECB meeting:

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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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