EUR soars, DE30 craters as Draghi ignores recession risks

The ECB extended its forward guidance at today’s meeting but president Draghi saw no need to discuss rate cut as he saw no risk of deflation and very small risk of recession. Markets saw this interpretation as underwhelming which led to a sharp drop in European equities, especially DE30, and to a rally on EURUSD – the pair is retesting the 1.13 handle for the second day in a row. Traders must also be aware of tomorrow’s NFP report (2:30pm CET) in the US.  

Economic calendar: All eyes on US CPI
Morning wrap (13.04.2021)
Daily summary: Subdued start to a busy week
Alibaba stock surges 6% despite record antitrust fine
EUR / USD remains sideways
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.