Draghi changes the tone and EUR / USD takes a turn almost 300 pips – Investing.com Spain

Investing.com.- Mario Draghi plays the good cop and bad cop at the same time and get out crazy extreme volatility and convert to a drop of 150 pips in a rise of almost 300, as has happened this afternoon with.

the publication of the measures taken by the European Central Bank (ECB) were received with rummage as far they exceeded the most optimistic expectations. This caused a collapse of the euro and the fixed income and a spectacular reaction of the bags, all serving the script to be expected after the announcement of a massive injection of liquidity and a rate cut.

No But if a man can impose his word to the facts when we talk about the market, that is Mario Draghi. The press conference the head of the European monetary authority began with good tone, continuing the trends begun with the publication of the measures, but their refusal to further revisions in interest rates has been a bucket of cold water investors.

the EUR / USD, which in a dizzying movement had collapsed from 1.0976, to 1.0824, was the first to notice the new look that took Draghi’s speech and began rebound strongly. In little more than 20 minutes had been located at 1.1101; a rise of 277 pips.

Take this up to the session, the market price of the common currency at its junction with ticket verder Fixed positions to move up, around 1.05.

In the bags, however, the correction has not been as marked, but has also been noticeable. He who came to stay only one and a half of the 9,100, lived his moment of doubt which led him again until the 8,917 points to consolidate after over 9,000 points and accumulate higher profits than 3% in the session .

and on, doubts came levels reached 9,983 and 3,125, then to fall and bounce on 9,743 and 3,043, respectively. In any case, very positive day for both selective, up close to 1.5% for German and over 2% for the European index selective.

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