Reactions continue flowing after the ECB announced a large QE program that could exceed one trillion euros. The euro already lost several big figures but could lose many more: the team at TD sees ongoing pressure on the common currency and set a very low target for EUR/USD at year end: Here is their view, courtesy of eFXnews: The ECB has left their tepid convictions on asset purchases, and especially government bonds, in the rear view mirror, notes TD. “They have now firmly committed to buy €60bn per month across ABS, covereds, government, corporates, and European agencies until end-September 2016 and beyond until inflation is consistent with target,” TD adds. “The ECB did reiterate that interest rates are at the lower bound which will keep the focus on asset purchases only. And the ECB did finally sweeten the remaining TLTROs by removing the 10bps spread off of refi that was included in the first two. But what is crucial is that the ECB has moved further along the spectrum to doing whatever it takes to hit their target. That means euro lower until further notice,” TD argues. “This reinforces EURUSD as the stress reliever to any further macro disappointment and we revise our target and see EURUSD falling to 0.96 by end-2015,” TD projects. &For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. 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 EUR/USD DailyForex News Today: Daily Trading News share Read Next EURUSD, GBPUSD, USDJPY Pivot Points, TA – Jan. 23 2015 John Benjamin 8 years Reactions continue flowing after the ECB announced a large QE program that could exceed one trillion euros. The euro already lost several big figures but could lose many more: the team at TD sees ongoing pressure on the common currency and set a very low target for EUR/USD at year end: Here is their view, courtesy of eFXnews: The ECB has left their tepid convictions on asset purchases, and especially government bonds, in the rear view mirror, notes TD. "They have now firmly committed to buy €60bn per month across ABS, covereds, government, corporates, and European agencies until end-September 2016… 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.