{"id":128486,"date":"2018-06-14T11:22:56","date_gmt":"2018-06-14T15:22:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128486"},"modified":"2018-06-14T11:07:48","modified_gmt":"2018-06-14T15:07:48","slug":"euro-plunges-on-dovish-ecb-twist","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/euro-plunges-on-dovish-ecb-twist\/","title":{"rendered":"Euro plunges on dovish ECB twist"},"content":{"rendered":"<div id=\"inves-510465157\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 14, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The European Central Bank has rocked financial markets by announcing that it will end its QE program by the end of this year.<\/p>\n<p>One would have expected the Euro to appreciate aggressively following this historical decision, but the currency has collapsed like a house of cards with prices tumbling over 160 pips. Under plans revealed today, the central bank will\u00a0halve\u00a0the size of monthly asset purchases from \u20ac30bn in September, to \u20ac15bn from October until the end of the year. The driving force behind the Euro\u2019s selloff could be the fact that the ECB pledged to keep interest rates at ultralow levels, &#8220;at least through the summer of 2019&#8221;.<\/p>\n<p>Taking a look at the EURUSD, the currency pair has become extremely bearish with prices sinking towards 1.1680 as of writing. The Euro is poised to conclude horribly depressed this week as investors exploit the downside momentum to push prices lower. The breakdown below 1.1700 could encourage a further decline towards 1.1630.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/eurusddaily_278.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer:\u00a0<\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The European Central Bank has rocked financial markets by announcing that it will end its QE program by the end of this year. One would have expected the Euro to appreciate aggressively following this historical decision, but the currency has collapsed like a house of cards with prices tumbling over 160 pips. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128486","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=128486"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128486\/revisions"}],"predecessor-version":[{"id":128491,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128486\/revisions\/128491"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}