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EUR/USD Outlook May 6-10
EUR/USD had an exciting week, especially around the rate decision, that saw wild action. Mario Draghi will have another opportunity to rck the markets with a scheduled speech and there are quite a few other interesting events. Here is an outlook for the main events and an updated technical analysis for EUR/USD. The ECB cut the rates by 0.25% and left the deposit rate unchanged at 0%. This pushed the euro higher. However, during the press conference, Draghi hinted heavily about a negative deposit rate and sent the euro crashing. In the US, the employment report came out better than expected (especially the revisions) ... (full story)
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