Will Draghi help the Euro out today?
On the economic calender today we have ECB interest rate decision
and ECB's Mario Draghi his speech
Interest rate decision is expected to remain unchanged,
it is up to Draghi to let us know whether bond buying program will continue much longer
If he indicates it is no longer necessary for EU to continue buying bonds much longer
this will be seen as hawkish and Euro bullish/EU economic recovery
A dovish tone will probably send the Euro (much) lower again
On the economic calender today we have ECB interest rate decision
and ECB's Mario Draghi his speech
Interest rate decision is expected to remain unchanged,
it is up to Draghi to let us know whether bond buying program will continue much longer
If he indicates it is no longer necessary for EU to continue buying bonds much longer
this will be seen as hawkish and Euro bullish/EU economic recovery
A dovish tone will probably send the Euro (much) lower again