Draghi slapping the Euro down once more - Forex News by FX Leaders

Draghi slapping the Euro down once more

Posted Tuesday, June 21, 2016 by
Skerdian Meta • 1 min read

The ECB president Mario Draghi just finished his press conference. He said that the inflation in the Eurozone remains subdued and that more stimulus is about to come. I didn´t expect the comments about the extra stimulus and the market didn´t expect them either because the Euro is about 100 pips lower from the highs this morning. I don´t really think that the ECB will add additional stimulus because the situation in Europe has improved somewhat recently and the Germans are already fighting hard to make the ECB tighten up the monetary policy. This is probably one oh hit tricks to send the Euro lower, which seems to be working. After all, he´s the wizard man when it comes to weakening the Euro. Yellen is coming up shortly so stay alert guys.  

EUR/USD is 100 pips lower after Draghi´s speech 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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