Posts Tagged ‘mario draghi’

EURUSD Weakens Intraday on Data, Central Banker Speeches

by Christopher Lemieuxon July 2, 2014 2:03 pm GMT
The euro-dollar is weakening intraday amid the ADP non-farm payrolls report, suggesting that the United States added 280,000 jobs in May. The dollar reacted positively to the data, bouncing off of multi-session lows. The euro was consolidating after the final gross domestic report shows that the eurozone’s growth continues to be anemic, growing only .2 […]

EURUSD Retraces, Pushes Through Key Moving Averages

by Christopher Lemieuxon June 5, 2014 8:48 pm GMT
The euro pushed to multi-month lows against the dollar, after the rate decision issued by the European Central Bank (ECB) earlier this morning. However, traders deem ECB President Mario Draghi’s monetary measures null. The EURUSD rebounded from a low of 1.3502 to rebound over 160 pips to 1.3660. The pullback in price action pushes the […]

FX Volatility Bounces From a Seven-Year Low

by Christopher Lemieuxon June 4, 2014 9:43 pm GMT
The large problem with the currency market, as well as other asset classes, is the lack of volatility. Often dubbed a fear gauge, volatility presents opportunity for traders to trade the market. Recently, the forex market hit a seven-year volatility low. However, market participants are anticipating the outcome of tomorrow’s European Central Bank (ECB) meeting. […]

Draghi Action Expected As Eurozone Momentum Lacking

by Christopher Lemieuxon June 4, 2014 12:35 pm GMT
It is expected that European Central Bank (ECB) President Mario Draghi will do something drastic at tomorrow’s central bank meeting. Draghi has been able to keep market participants at bay on promises of action, but the string of poor data, ranging from inflation to growth expansion to unemployment, it is time to put up or […]