ECB press conference - March 7: Draghi speech - live stream
|Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank's monetary policy decision in a press conference at 13:30 GMT.
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ECB Preview: 11 Major Banks expectations from March meeting.
Most of the researchers and economists are forecasting, that no change in policy from the ECB is expected, but we will be getting updated staff forecasts and perhaps further hints about TLTRO2. So, the focus of the March meeting will be on banks projections, guidance, and liquidity.
EUR/USD Technical Analysis: Set-up favors bearish traders, dovish ECB message awaited for confirmation.
Barring a couple of knee-jerk reactions, the pair has been steadily recovering along an ascending trend-channel formation on intraday charts.
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
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