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EUR/USD
Membre depuis Jun 03, 2010
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Membre depuis Apr 14, 2014
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Membre depuis Apr 08, 2014
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Jul 10, 2014 at 09:47
Membre depuis Apr 08, 2014
posts 1141
Yesterday ECB President Draghi said that ECB officials are unanimous to act further if need be and that ECB policy is to remain accommodative for extend period. While the ECB did not alter its policy, the message was dovish, with a wide open door to QE.
EURUSD is staying in range below 1.3717 and above 1.3525. On the downside, break of 1.3576 will turn bias back to the downside for 1.3525. Meanwhile, above 1.3717 will bring another rally.
EURUSD is staying in range below 1.3717 and above 1.3525. On the downside, break of 1.3576 will turn bias back to the downside for 1.3525. Meanwhile, above 1.3717 will bring another rally.
"I trade to make money not to be right."
Membre depuis Jun 08, 2014
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Membre depuis Jul 10, 2014
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Membre depuis Oct 11, 2013
posts 775
Membre depuis Apr 08, 2014
posts 1141
Jul 11, 2014 at 09:12
Membre depuis Apr 08, 2014
posts 1141
Although yesterday session looks like a panic sell-off on EURUSD, the market is still trading in the middle of its one month range so trading conditions are being controlled. The situation in Portugal should be watched closely by traders to determine whether this is an isolated incident, or something that could spread to other nations.
"I trade to make money not to be right."
Jul 11, 2014 at 10:38
Membre depuis Jun 07, 2011
posts 372
The news brought again to light the problems faced by European banks, particularly those in the European periphery (Ireland, Portugal, Spain, Italy and Greece), which has not yet fully recovered from the financial crisis. Moreover, the EU has not yet finalized its rules on how to deal with troubled banks. Lately, the market may be expressing doubts whether the plan of an ECB refinancing operation towards the long term (TLTRO) will be able to bring European banks lending again and revive the economic stability of the Eurozone. The news Thursday also showed sharp declines in industrial production in France and Italy, in May, according to previous reports of decline in production in Germany and Spain during the month. As a result of these questions, a Spanish bank had to cancel a sale of securities and trading was halted in several Italian banks.
Renovated in the European banking sector risk is negative for the euro and positive for the dollar, the yen and gold
Renovated in the European banking sector risk is negative for the euro and positive for the dollar, the yen and gold
Membre depuis Jun 08, 2014
posts 454
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