Market Updates: EUR/USD Spikes on ECB Mario Draghi Speech – Key Takeaways

Posted Wednesday, March 27, 2019 by
Arslan Butt • 1 min read

EUR/USD spiked more than 25 pips after mixed remarks from the ECB President Mario Draghi. However, the direct currency pair is trading in line with our forecast.

Key Takeaways

The last year has seen a loss of growth momentum in the Euro area, which has extended into 2019.

  • We expected the expansion to slow in 2018 as the business cycle matured and growth retreated towards potential.
  • The domestic economy has remained relatively resilient, and the drivers of the current expansion stay in place.
  • The risks to the outlook remain tilted to the downside.
  • Remain confident that sustained convergence of inflation to target has been delayed rather than derailed.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
The USD is looking softer today after the unemployment claims showed a jump to the highest since October 2021 last week
2 days ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments