Draghi Leaves EU Broken

Draghi Leaves EU Broken

At his final press conference Thursday, departing European Central Bank president Mario Draghi will downplay differences among policymakers over September’s big-bang stimulus package, hoping to limit their impact on the institution’s effectiveness, analysts predict. While he is widely credited with saving the euro, critics inside and outside the ECB have since last month launched a […]

Key moments in Draghi’s eventful ECB tenure

Key moments in Draghi’s eventful ECB tenure

Mario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF chief an economy struggling to stay in gear. Here are some of the key moments that made the Italian central banker’s post-crisis tenure a transformative one for the Frankfurt institution: – Saving the euro […]

Departing Draghi leaves divided ECB to Lagarde

Departing Draghi leaves divided ECB to Lagarde

Departing European Central Bank president Mario Draghi will leave a conflicting legacy after chairing his final governing council meeting on Thursday, credited with saving the euro but dividing the institution with his easy-money policy. The gathering “is unlikely to be the good-natured celebration of his achievements that he might have hoped for,” said analyst Jack […]

ECB board member’s departure highlights deep split over stimulus

ECB board member’s departure highlights deep split over stimulus

The European Central Bank lost its third German board member to resignation over policy differences in a decade Wednesday, further drawing back the veil on controversy at the top and opening a new race for the prestigious post. Sabine Lautenschlaeger, who had also served as deputy head of the ECB’s banking supervision arm, will step […]

EU Cannot Not Rely on US Growth to Help

EU Cannot Not Rely on US Growth to Help

FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]

Time to Sell EURUSD

Time to Sell EURUSD

EURUSD closed up 0.001 at 1.203. Volume was 15% above average (neutral) and Bollinger Bands were 2% narrower than normal.   Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Warning: bearish divergence   Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish […]

Mario Draghi, “EU Growth Needs More Stimulus”

Mario Draghi, “EU Growth Needs More Stimulus”

Mario Draghi, “EU Growth Needs More Stimulus” The head of the European Central Bank (ECB) says while the economy of the 19-nation Eurozone is improving, but it still needs substantial stimulus. At a parliamentary hearing Monday in Brussels, ECB boss Mario Draghi said “the economic upswing is becoming increasingly solid and continues to broaden across […]

ECB’s Draghi Cautiously Upbeat on Eurozone

ECB’s Draghi Cautiously Upbeat on Eurozone

ECB’s Draghi Cautiously Upbeat on Eurozone The Head of the European Central Bank (ECB) says that risks to the strengthening economy of the 19-country Eurozone have fallen insisting it is too early to declare victory and start withdrawing stimulus measures. Mario Draghi said in remarks delivered Wednesday in the Dutch Parliament that recent data confirm […]