Did Draghi get the green light? While this is a non-binding decision, it seems positive for the ECB to move on. The program is line with European Union law as long as certain conditions are met. More details are set to emerge. Update: EUR/USD breaks below the double bottom on Draghi, OMT The OMT is legal “in principle” but some conditions are needed. The Outright Monetary Transactions program was introduced in 2012, at the peak of the debt crisis. It offered buying bonds of countries that would take up adjustment programs. This was primarily aimed at Spain and Italy. The mere decision was enough to calm markets and served as a bazooka: it was strong enough to never be used. EUR/USD remains stable around 1.18 for now. Just minutes before this decision, ECB president Mario Draghi sounded very determined to announce QE. Here are the recent EUR/USD moves on the 30 minute chart: 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 EUR/USD breaks below the double bottom on Draghi, OMT Yohay Elam 7 years Did Draghi get the green light? While this is a non-binding decision, it seems positive for the ECB to move on. The program is line with European Union law as long as certain conditions are met. More details are set to emerge. Update: EUR/USD breaks below the double bottom on Draghi, OMT The OMT is legal "in principle" but some conditions are needed. The Outright Monetary Transactions program was introduced in 2012, at the peak of the debt crisis. It offered buying bonds of countries that would take up adjustment programs. This was primarily aimed at Spain and Italy. The… Top 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.
