European Central Bank (ECB) chief Mario Draghi today, gave strongest signal ever that ECB will act decisively in December meeting despite opposition from some members like Bundesbank chief Jens Weidmann.
According to Mr. Draghi, ECB will take whatever action the governing council can take with all available instruments under mandate.
There is saying in the market, that every trader in Wall Street is familiar with - "Don't fight the FED". We think it goes with ECB too.
So to trade the Euro, it is best to go with the ECB and any noise should be taken as an opportunity to insert fresh positions. As per past record, ECB has always overwhelmed market with its action, in spite of all expectations...so this time is likely to be similar.
Trade idea -
- Even for traders, who entered late, there could be significant opportunities ahead and Euro is likely to head towards parity. However drop below 0.98 area seems unlikely against Dollar.
- Euro/Pound is another nice pair to go short in Euro and play the divergence in monetary policies. Our expectations for the pair to reach 0.62 area from current 0.7.


DogecoinVM Makes DOGE Transactions 300x Faster
David Schwartz to Reveal XRP Ledger Future at Ripple Swell 2026
Bitcoin Price Falls Below $83K as Liquidations Hit $697M
Jameson Lopp Downplays AI Threat to Bitcoin Cryptography
Circle Stock Falls 4% as Crypto Selloff Overshadows SAP Pay Expansion
US Government Moves $1 Billion in Bitcoin Amid Sale Speculation
Litecoin Marks 15 Years as Grayscale Backs LTC ETF Push
U.S. Government Moves Over $100M in Bitcoin and BNB
Ethereum Price Drops Below $2,600 as Long Liquidations Hit 4-Month High
Bitmine to Stop Ethereum Buying After Reaching 5% ETH Supply
Kazakhstan and Tether Explore Tenge Stablecoin and RWA Tokenization
Cardano Hits Record 436 TPS as Network Scaling Advances 



