ECB Leaves Interest Rates Unchanged, Additional Measures TBA by Mario Draghi
- The governing council of the European Central Bank is expected to announce "unconventional monetary policy measures" at the press conference of ECB President Mario Draghi at 13:30 GMT later today.
The European Central Bank has issued a statement outlining that it left interest rates unchanged at today's meeting. The central bank's President Mario Draghi will be speaking at a press conference in Frankfurt later today at 01:30 G.M.T. representing the views of the governing council of the ECB in real time.
The euro is consolidating above 1.16, with the bulk of the market expecting a quantitative easing program announcement of some sort. The latest rumors in the run-up to the ECB meeting have been about a bond buying program totalling between €500 and €600 billion, which at this point in time should be priced into the EUR/USD Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate.
If history is any guide, at previous meetings Mario Draghi has always managed to surpass market expectations for monetary policy easing measures. Should the ECB over-deliver this time around, the EUR/USD could hit an 11-year low later today.
That said, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates sides with the expectations of the market on this upcoming meeting. We expect a plethora of EUR/USD shorts to cover positions, as the US dollar has been rallying against the euro for seven straight months.
Currently the EUR/USD exchange rate is hovering around 1.1630, close to session highs.
The European Central Bank has issued a statement outlining that it left interest rates unchanged at today's meeting. The central bank's President Mario Draghi will be speaking at a press conference in Frankfurt later today at 01:30 G.M.T. representing the views of the governing council of the ECB in real time.
The euro is consolidating above 1.16, with the bulk of the market expecting a quantitative easing program announcement of some sort. The latest rumors in the run-up to the ECB meeting have been about a bond buying program totalling between €500 and €600 billion, which at this point in time should be priced into the EUR/USD Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate.
If history is any guide, at previous meetings Mario Draghi has always managed to surpass market expectations for monetary policy easing measures. Should the ECB over-deliver this time around, the EUR/USD could hit an 11-year low later today.
That said, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates sides with the expectations of the market on this upcoming meeting. We expect a plethora of EUR/USD shorts to cover positions, as the US dollar has been rallying against the euro for seven straight months.
Currently the EUR/USD exchange rate is hovering around 1.1630, close to session highs.