European Central Bank
June 15th Release
Mario Draghi is due to speak Friday at a conference organized by the Center for Financial Studies. ECB (European Central Bank) President Draghi has been the ECB’s president since November 2011.
Trader’s ought to always keep an ear open to news out of the ECB. It controls the short term interest rates for the euro. President Draghi has more influence on the euro’s value than anyone else, there is always a chance of high volatility accompanying his speeches.
As the Spanish crisis continues to develop, Draghi’s words should play a crucial role in tomorrow’s London session. As I write this article, the EURUSD is looking very bullish. It will be interesting to see where the price will sit at the New York open tomorrow.
2:50am EST is when the speech is currently scheduled.
Written By: Tony College
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