The euro enjoyed reports that ECB president has been cornerned by the German orthodox central bankers and that he can’t push more stimulus. Is this indeed the case? The team at BNP Paribas thinks that Draghi is set to prevail, explains why, and leaves its low target intact: Here is their view, courtesy of eFXnews: The EUR bounced on Tuesday after a Reuters report suggested a number of Governing Council members were uncomfortable with President Draghi’s management style and the push for further policy easing, notes BNP Paribas. “Past experience suggests that Draghi has been successful in pushing through measures opposed by the ECB hawks, including the OMT, negative rates and asset purchases. Our view is still firmly in favour of a dovish outcome this week,” BNPP argues. “While the ECB may not yet be in a position to announce a large scale QE, if Draghi clearly commits to reach the balance sheet goal and lift inflation expectations, the EUR will weaken,” BNPP adds. BNPP maintains a short EUR/USD position from 1.2520, targeting a move down to 1.18. 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 Opinions share Read Next ECB Leaves rates unchanged – on to Draghi Drama Yohay Elam 8 years The euro enjoyed reports that ECB president has been cornerned by the German orthodox central bankers and that he can't push more stimulus. Is this indeed the case? The team at BNP Paribas thinks that Draghi is set to prevail, explains why, and leaves its low target intact: Here is their view, courtesy of eFXnews: The EUR bounced on Tuesday after a Reuters report suggested a number of Governing Council members were uncomfortable with President Draghi's management style and the push for further policy easing, notes BNP Paribas. "Past experience suggests that Draghi has been successful in pushing through measures… 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.