Mario Draghi’s speech Live Coverage - ECB Press Conference Today

Pablo Piovano FXStreet

The European Central Bank will hold its monetary policy meeting later today, with the interest rate decision scheduled at 1145GMT and the subsequent speech by President Mario Draghi at 1230GMT.

Market consensus remains pretty divided regarding today’s tone from the Council in spite of rising speculations on a potential shift in the central bank’s guidance. However, many investors are leaning towards the September meeting for any significant announcement from the ECB, which could be anticipated by Draghi at the Jackson Hole Symposium next month.

Key notes

ECB meeting: Warming up for tapering or not?

Things are a bit more complicated than what they seem ahead of the ECB's monetary policy meeting this Thursday.

ECB preview: Investors buy insurance against long EUR spot positions

EUR/USD spot clocked a high of 1.1583 on Tuesday before falling back to 1.1514 on Wednesday. The pullback looks like a chart driven move… courtesy of the overbought RSI.

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.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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