I'm failing to understand why the prices jumped on the 3rd of December 2015 when Mario Draghi announced ECB will continue buying 60BN per month and also downgraded the interest rate to -0.3. The monthly buying understandably causes prices to go up, however, doesn't this amount pale in comparison to the daily FX turnover let alone monthly? Also, doesn't this mean, the situation in europe is not improving thereby causing downward pressure on the currency pair? I'm failing to see where the price jump came from.