Draghi Has an “Open Mind” on Non-Standard Measures

euro

ECB (European Central Bank) President Mario Draghi said Tuesday that the ECB is considering more “non-standard” policy tools to use “if circumstances warrant”.

According to the speech, ECB monetary policy has also “regained steering capacity” and Europe still has a “rich reform agenda”.

“We will look with an open mind at these measures that are especially effective in our institutional setup and that fall within our mandate,” Draghi said Tuesday. “Some of those measures may have unintended consequences. This does not mean that they should not be used, but it does mean that we need to be aware of those consequences and manage them appropriately.”

Any time that a country resorts to quantitative easing, they can expect a lot of “unintended consequences”.

It looks like the Euro is slightly weakening as of now, looking at the 4-Hour chart. For the most part, these comments should be dovish.

For news updates and more fundamental analysis, follow me on Twitter. Follow the Winner’s Edge account, Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!

For Nathan’s most recent Technical Analysis click here!

here_for_you_001

1359774937_facebook 1359774984_linkedin 1359774949_twitter 1359774960_google 1359774973_rss 1360027635_youtube
Connect_With_Winners_Edge

Get trade set ups everyday!

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news