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Why The Euro Pumped Then Dumped After ECB?
Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairmen of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion toward the ECB's upcoming plan, leading to a notable rally in the Euro for a limited time. The currency then declined back sharply at the end of the day. On the other hand, DAX30 and European equities faced the same story, but dumped after the ECB's announcement and pumped right after the press conference. So, why did all of this happen and how?
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