EUR/USD - Euro to Dollar

Euro Rockets as Dollar gets Hit The ECB President Draghi tried his best to hold down the Euro but the fact that he was trying too hard was easy for the market to notice. He did sound dovish during the early part of the speech and the market responded by pushing the euro down by … Continue reading Market Snapshot – Euro Rockets as Dollar Gets Battered

The euro rallied higher against its main counterparts today after the European Central Bank Governor’s speech on the bank’s rate decision. Mario Draghi‘s speech was a commentary on the ECB’s future outlook after it announced that it would maintain its current interest rates and its quantitative easing program. The EUR/USD currency pair rallied by over 90 points during and after Mario Draghi’s speech as he took on a slightly hawkish tone. The EUR/USD currency … Continue reading Euro Rallies after Mario Draghi Speech and ECB Rate Decision

The ECB and Mario Draghi will influence trading the remainder of the day as the central bank’s Press Conference is set to start. Forex will be volatile today. The Philly Fed Manufacturing Index will come from the States. Weekly Jobs Numbers Today from U.S. Wall Street turned in a positive session on Wednesday as corporate … Continue reading All Eyes on ECB, BoJ Keeps Policy Steady but Lowered Inflation Forecast

European Central Bank’s meeting ahead On Thursday, Gold edged down on prices with a steady dollar as the market awaits the important ECB’s meeting to be held later in the day. The market is looking for a clue on the ECB’s next policy and its stimulus program outlook. Gold Statistics Spot gold inched down by … Continue reading Gold prices inched down on Thursday