What is it? Draghi is due to speak at the grand opening of the European Cultural Days 2014 organized by the European Central Bank, in Frankfurt.
As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.
When? October 15th at 2:00pm Eastern Time.
Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.
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