Volatility is true to Draghi movements and causes sterile euro – Investing.com Spain

Investing.com – Markets today came back to his appointment with which has resulted in an hour volatility and erratic movements for major financial instruments and especially for euro, which has moved in a range of 40 pips, ending at the same point it started.

Today, in addition, the first sword of Europe’s top monetary authority has had the competence of the summit of the Organization of Exporting Countries (OPEC) and employment data in the United States that left a bittersweet aftertaste, with a higher than the previous month first reading, but less than expected by analysts.

neither the press conference was the most anticipated of the year, much less. The new forecasts for growth and inflation, the details of the upcoming auctions of liquidity and program start buying corporate bonds were broadly, aspects to be taken and none of the explanations given by Draghi has served to decant the market in one direction or another.

So things and as in recent sessions, the euro seems to have taken the measure to the hearings of Draghi and is carried away to either side of the . turbulence to end trading around the same levels at which began the meeting

Just start the press conference, he lived a timid start rising from 1.1178, to 1.1191; to be dropped from there to the 1.1168. From this point, and limited room for three minutes, the price of the pair rose to 1.1208 and as if he had given in accordance with kiss again the barrier of 1.12, was carried away again, slowly, to the starting point at 1.1176, previous step and stop at 1.1197, first; 1.1189, and then twice in the 1.1183.

In other markets, the trend has been bearish bags in general, but this time, the macroeconomic data in the US. UU. and above all, the strong downward turn crude by the news coming from lack of agreement within OPEC are having a greater effect on selective reference own press conference Draghi.

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