The buying could start this year and Draghi is set to announce it today. There is no official confirmation yet. This day is becoming exciting earlier than expected. EUR/USD is down towards 1.3120, ahead of the ECB announcement. The pair was trading around 1.3145 throughout the day. The low so far is 1.3119, but the pair recovers. A confirmation or denial is awaited, and that will come soon. Update: ECB surprises with a 0.15% rate cut – EUR/USD free falls Update 2: EUR/USD guide next levels after the ECB cut Update: Draghi announces sizable ABS – EUR/USD dips below 1.30 Details here. And also here: ECB President Mario Draghi will likely announce such a programme at his news conference unless it comes up against strong opposition at the Governing Council’s policy meeting. Update: EUR/USD is beginning to recover the falls and is back above 1.3130. The tight range trading continues. Hopefully the choppy trading will turn into a more directional one soon enough. The program is set to have a duration of 3 years and consists of both bond buys as well as Asset Backed Securities. €500 billion sounds like a lot of money, but it is not that huge in comparison to the size of the euro-zone economies as a whole. Here is the preview: 4 options – lower forecasts but probably no action We will follow the announcement about the rates, and follow up with a live blog of Draghi’s press conference. 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 BOE leaves rates unchanged Yohay Elam 9 years The buying could start this year and Draghi is set to announce it today. There is no official confirmation yet. This day is becoming exciting earlier than expected. EUR/USD is down towards 1.3120, ahead of the ECB announcement. The pair was trading around 1.3145 throughout the day. The low so far is 1.3119, but the pair recovers. A confirmation or denial is awaited, and that will come soon. Update: ECB surprises with a 0.15% rate cut - EUR/USD free falls Update 2: EUR/USD guide next levels after the ECB cut Update: Draghi announces sizable ABS - EUR/USD dips below 1.30… 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.
