EUR/USD is some 80 pips off the highs, which were 14-month highs seen earlier this week. The fall from 1.1580 to 1.15 comes on the background of greenback come back, but perhaps it isn’t exclusive to the US dollar. We discussed how the ECB does not like the stronger euro and how Draghi could down the euro in his press conference. Other analysts are saying that the President of the ECB could keep the cards close to the chest and wait until Jackson Hole in late August for a hint. Update: Dovish Draghi? Doesn’t convince EUR/USD – jumps 80 pips This is how it looks: The ECB is set to continue its bond buying scheme worth 60 billion euros per month until the end of the year. The big question is: what happens in 2018? A quick tapering or just a very gradual reduction? Or perhaps more of the same. While growth is strong, inflation, the ECB’s single mandate, is lagging behind. The euro advanced on Draghi’s optimistic Sintra Speech and is now reversing some of the moves. Is a dovish Draghi already priced in? If so, it will be hard for him to push the euro lower. In this case, the current correction or consolidation could be followed by a fresh rise. What do you think? More: Trading the ECB with EUR/USD – 3 opinions 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 ECB leaves rates unchanged – all eyes on Draghi Yohay Elam 6 years EUR/USD is some 80 pips off the highs, which were 14-month highs seen earlier this week. The fall from 1.1580 to 1.15 comes on the background of greenback come back, but perhaps it isn't exclusive to the US dollar. We discussed how the ECB does not like the stronger euro and how Draghi could down the euro in his press conference. Other analysts are saying that the President of the ECB could keep the cards close to the chest and wait until Jackson Hole in late August for a hint. Update: Dovish Draghi? Doesn't convince EUR/USD - jumps 80 pips… 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.
