Posts Tagged ‘draghi’

Draghi’s “Whatever It Takes” Helped Save The Euro!

by Forex Rooton October 14, 2014 12:44 pm BST
ECB President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the 18-nation currency, an ECB lawyer said at a hearing. The European Court of Justice, the bloc’s highest court, is weighing whether Draghi’s ECB overstepped its powers in 2012 with the promise […]

Euro Rises As ECB Plan Failed To Provide Details

by Forex Rooton October 2, 2014 3:33 pm BST
The ECB policy makers kept the benchmark interest rate unchanged today. However, the Euro jumbed the most since May as the European Central Bank failed to provide details on the size of a plan to buy private securities, curbing bets the purchases would expand the ECB’s balance sheet enough to weaken the currency. “I wouldn’t […]

Risks to Euro Area Economy Has Slowed And To A Further Downturn

by Forex Rooton September 22, 2014 1:55 pm BST
“The risks surrounding the expected expansion are clearly on the downside,” Draghi said in his quarterly testimony to European lawmakers in Brussels today. “Recent indicators gave no indication that the sharp decline” in economic activity in the currency bloc has stopped, he said. Economic activity in the euro area has slowed and there’s a risk […]

XAUUSD Rises Before Today’s Yellen And Draghi speach

by Forex Rooton August 22, 2014 9:21 am BST
XAUUSD for immediate delivery rose as much as 0.3 percent to $1,281.07 an ounce, and traded at $1,280.12 by 3:12 p.m. in Singapore, according to Bloomberg generic pricing. The metal yesterday dropped to $1,273.14, the lowest level since June 18, as minutes of the Fed’s last meeting signaled that policy makers may hike interest rates […]