Upbeat Draghi Sent the Euro Higher against the U.S. Dollar

The EURUSD shot higher today because of the weak U.S. inflation numbers and the ECB president, Draghi’s somewhat hawkish comments after the rate decision.

The EURUSD is trading higher today because the ECB President, Mario Draghi, was upbeat in the press conference.  The ECB still expected the next hike in the second half of 2019.  It is also starting to wind down the bond purchases by the end of this year.  Draghi expects the euro zone inflation to pick up gradually amid the evidence of the above-expectation euro zone economic growth rates.  In addition, the U.S. Core CPI was tame.  The core CPI rose only 0.1%, which missed the expected 0.2%.

Yesterday, the EURUSD was pushed higher because the trade tensions between the U.S. and China eased somewhat after the U.S. signaled that future negotiations were in the works.

There has been 1 trade from my MT4 EA since the last update.  It was a loss.

The strategy can be found here.

The previous week’s result can be found here.

See also  New MT4 EA Experiment - Buy Bullish: Set up, Rules, and Results Monthly Review Month 3

Leave a comment

Your email address will not be published. Required fields are marked *