Over the past two years, the ECB has been far more about words than actions. That was evident in the wake of Draghi’s “do whatever it takes” pledge in the summer of 2012, which helped play a key role in taking peripheral bond markets from the edge of doom and the ECB did not have to lift a finger in the process. The question is whether the same will hold true today as they meet to discuss policy. There has been more open talk regarding the possibility of some form of quantitative easing in the Eurozone, but will we get actions rather than words? Probably not, but the question is what impact the press conference may have on the currency, should the ECB still continue to hint of potential policy measures to come. This could well be needed if EURUSD is to remain below the 1.40 level near-term, but it’s difficult for the ECB to fight the flows in the longer-term, which continue to offer underlying support for the single currency. ECB Preview: a small step to weaken the euro? 4 scenarios Elsewhere, the Aussie is pushing three week highs vs. the dollar in the wake of the latest employment data, which showed a greater than expected rise in headline employment, as well as a fall in the rate to 5.8%. The Aussie has been the strongest performer over the past week as along with the other dollar bloc currencies. Also worth keeping one eye on sterling as the MPC decision is due today, but risk is low as statement is rare without a change in policy. There is an increasing focus on the potential for other policy measures to counteract the strength in the housing market, which places a strong focus on next week’s Inflation Report and also the upcoming Financial Policy Committee meeting. Further reading: AUD/USD gets closer to 0.94 on a good jobs report, Chinese trade data Should you open two trading accounts? FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD – Euro Gains as Markets Await ECB Annoucement Kenny Fisher 8 years Over the past two years, the ECB has been far more about words than actions. That was evident in the wake of Draghi's "do whatever it takes" pledge in the summer of 2012, which helped play a key role in taking peripheral bond markets from the edge of doom and the ECB did not have to lift a finger in the process. The question is whether the same will hold true today as they meet to discuss policy. There has been more open talk regarding the possibility of some form of quantitative easing in the Eurozone, but will we get… 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.