Draghi: No discussion of move on rates today

View Comments

  • Discussed general monetary policy stance, which is accommodation
  • Repeats inflation risks are broadly balanced
  • Spain has made very serious effort at policy reform in very short time; LTROs successful in avoiding credit crunch will need time to see money propagate to real economy
  • Have avoided major credit crunch
  • Significant progress on fiscal front
  • No contradiction between growth and fiscal compact

No sounding less likely to cut, saying LTRO needs time to work its way through the system…



Jamie Coleman

One Comment

  1. Considering a short EUR/USD on 5 minute bar break/close below 1.3165. Stop at 1.3215 just above the daily pivot high. Target 1.3070 the uptrend support.


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.