Day 2 at the 2018 ECB Forum on Central Banking in Sintra, Portugal, will see the world’s most famous central bankers appear together in a panel discussion on ‘Macroeconomics of price and wage-setting’ at 1330 GMT. Top central banks’ heads participating includes – the Federal Reserve Chairman Jerome Powell alongside the ECB President Mario Draghi, BoJ Governor Haruhiko Kuroda and RBA Governor Philip Lowe. The central banking sphere will keep bond investors busy and with most majors stuck in tight trading ranges, any comments made in relation to central banks’ monetary policies should influence price action surrounding EUR, AUD, JPY and USD crosses. Investors will keep an eye on Draghi Last week the financial markets reacted sharply to the ECB’s announcement that it would keep interest rates low until the summer of 2019 and end its quantitative easing program by the end of 2018. With the ECB already making its stance clear about the timing for the first rate hike and the path towards ending its QE program, market reaction to Draghi’s comments is more likely to be muted. Having said that, any comments on mounting inflationary pressure in the region would be seen as hawkish and should place a near-term floor for the shared currency. The EUR/USD pair has been finding support near the 1.1530 region and hence, any meaningful short-covering bounce could get extended back towards the 1.1600 handle. Any subsequent up-move might continue to confront some fresh supply near the 1.1640-45 region. Alternatively, a convincing break below the 1.1510-1.1500 immediate support now seems to open the door for an extension of the pair’s bearish trajectory towards testing its next major support near the 1.1450-45 area. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP seen at 0.84 in 6-month – Danske Bank FX Street 5 years Day 2 at the 2018 ECB Forum on Central Banking in Sintra, Portugal, will see the world's most famous central bankers appear together in a panel discussion on 'Macroeconomics of price and wage-setting' at 1330 GMT. Top central banks' heads participating includes - the Federal Reserve Chairman Jerome Powell alongside the ECB President Mario Draghi, BoJ Governor Haruhiko Kuroda and RBA Governor Philip Lowe. The central banking sphere will keep bond investors busy and with most majors stuck in tight trading ranges, any comments made in relation to central banks' monetary policies should influence price action surrounding EUR, AUD,… 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.