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EUR/USD wary of Draghi (for now)

The big event of the week is here, and EUR/USD is retreating ahead of the decision. Is the market awaiting the ECB to re-open the door to more easing? Will we get hints of helicopter money? The once unthinkable and still wild idea of dropping cash in into citizens’ hand still seems far out, but perhaps any talk that will bring down the euro could help Draghi reach the inflation target. In the recent past, pre-ECB falls in EUR/USD were followed by a big rebound. Apart from this event, watch out for UK retail sales after the poor jobs report and some US data.

Wrap up of the morning show for Wednesday, April 21st 2016:

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.