The Euro Plunged This Week After The ECB Meeting — And That Was A Great Sign

There was an ECB meeting on Thursday, and there was no change in policy, but the Euro plunged nonetheless, right in the middle of Mario Draghi's press conference, which started at 8:30 AM ET. You can see how nasty it was for the Euro this week on this chart from FinViz: So what was the news that Draghi made? It was simple: He strongly hinted at a dovish bias in his outlook, meaning the ECB would have a predisposition to cut rates. The next day, the ECB's Jozef Makuch also hinted at a rate cut. S...