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11 Oct 2019

Draghi’s speech: Policymakers operate in substantial uncertainty

The European Central Bank (ECB) outgoing President Mario Draghi is on the wires now, via Reuters, delivering a scheduled speech, with the key comments found below.

Policymakers operate in substantial uncertainty,

More to come...

About ECB President Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

Oct 11, 2019

US: Modest drop in Consumer Sentiment likely in October – TD Securities

Analysts at TD Securities point out that the market expects University of Michigan’s consumer report to show that sentiment dropped modestly in Octobe

AUD/USD technical analysis: Jumps to over 2-week tops, eyeing to reclaim 0.6800 handle

The AUD/USD pair added to the overnight goodish intraday move up and continued gaining positive traction for the second consecutive session on Friday.