Mario Draghi Is Being Sentenced In Hague

Posted Wednesday, May 10, 2017 by
Skerdian Meta • 1 min read

The ECB president is making his case in the Hague today. He isn't being judged on war crimes thoug. He is being questioned about financial "crimes" that the ECB might have committed or will commit, according to the Dutch. 

Draghi arrived at the Dutch parliament a short while ago and he is still being questioned. 

He was asked what steps the ECB would take if the Eurozone economy went one way or another after the QE (quantitative easing) program. 

It's always tough answering hypothetical questions about the economy, so Draghi is actually sweating. It's even more difficult when you have to answer to so many parliaments. 

He answered these questions by saying that he'd rather not talk about things that have a slim chance of happening, which wouldn't be good for Euro bulls or bears.

EUR/USD is about 20 pips higher now but it's not going anywhere soon. I'm thinking of opening a sell forex signal around 1.09 if we get up there because that level was providing resistance this morning. 

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About the author

Skerdian Meta is our 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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