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Previous Week in Summary


This past week we saw some big move developments and was a very busy week for the markets and the euro pairs generating the most interest. The past week risk events have been also generating some volatility which over the past weeks was hitting new lows.
First we have ECB which as expected has delivered and backed up Mario Draghi's words. Although ECB has introduced more easing than expected EUR/USD reaction took many by surprise. But this only add to t…
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ECB Ready for "Prime Time"

Tomorrow's ECB meeting can be the most important event of the year for euro as low inflation threats can be an obstacle to EU recovery.
The President of the European Central Bank Mario Draghi has already signaled the fact that ECB is ready to take action at today's meeting including both conventional and unconventional measures.
What to expect from tomorrow's ECB meeting?

Although the stimulus expectation has certainly picked up, however we can't look at just one aspect, and interest rates
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mag avatar
mag 4 juin

Watching Mr. Draghi

Daytrader21 avatar

mag  everyone will be with their eyes on Draghi tomorrow. HelgaPehkel Neither of that, it's hard to believe we're going to move 800 pips :) just based on tomorrow ECB new market policy. However as far as I'm concern the risk is for a downside movement, but it can be a tricky one and it depends on how powerful the credit easing would be, otherwise we can have a big whipsaw, first to the downside and than a squeeze rally.

HelgaPehkel avatar

Of course, I talked about the long term)) not only about tomorrow))

Daytrader21 avatar

HelgaPehkel Long term I'm bearish on EUR/USD. Check out my article from last month, I've been written in details what are my expectation. I hope it will help.

Neu_spir8 avatar

Didn't see this post till now, man you're good.

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