wrapper

ECB's Draghi says global forces are holding down inflation

Thursday, Feb 04 2016

Mario Draghi held a speech this morning at the Deutsche Bundesbank's Marjolin Lecture, in Frankfurt. He said that he sees no reason for permanently lower inflation and that specific Eurozone challenges don't justify inaction. He also added that mon pol can not be relaxed about aeries of supply shocks.

According to Draghi ECB will not surrender to low inflation, but he said that no doubt that if ECB needed to adopt a more expansionary policy the risk of side effects would not stand in their way. However, he emphasized that there are risks of acting too late outweigh risks of acting too early.

Euro is currently being traded around 1.1150 area. Pair is likely to find support around 1.1050 handle and resistance above 1.12 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.

More in this category: « NAB Business Confidence rose to +4 in Q4 BoE left interest rates unchanged, cuts growth and inflation forecasts »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.