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EUR/USD
Membro Desde Jun 03, 2010
696 posts
Membro Desde Apr 14, 2014
230 posts
Membro Desde Oct 11, 2013
775 posts
Membro Desde Apr 08, 2014
1141 posts
Jul 10, 2014 at 09:47
Membro Desde Apr 08, 2014
1141 posts
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."
Membro Desde Jun 08, 2014
454 posts
Membro Desde Jul 10, 2014
10 posts
Membro Desde Oct 11, 2013
775 posts
Membro Desde Apr 08, 2014
1141 posts
Jul 11, 2014 at 09:12
Membro Desde Apr 08, 2014
1141 posts
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
Membro Desde Jun 07, 2011
372 posts
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
Membro Desde Jun 08, 2014
454 posts
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