Will Draghi hit EUR/USD when it’s down?


Markets are cheerful, ignoring reasons not to be cheerful such as a contraction in Japan and poor Chinese trade data. Does this imply more stimulus that markets love so much? A testimony by ECB President Mario Draghi is the big event for today. This testimony could be different: EUR/USD is down on the better market mood (no need for safe havens) and this time, Draghi has the backing of the Bundesbank for action. Will he push the pair even lower? t has already fallen nearly 200 pips from the highs.

Wrap up of the morning show for February 15th 2016:

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About Author

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 the 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.

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