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  • Draghi Pumps The Markets With Confident Rhetoric: Foreign Exchange Bullets

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    Thuy Thu Dao
    17 tayangan1 halaman
    Morning Report about Forex Market Eg:The euro (EUR) flexed its muscles yesterday, after European Central Bank (ECB) President, Mario Draghi, appeared confident in his speech and ensuing press questions. He stressed that It was a unanimous decision to keep rates unchanged at 0.75%, a record low. This was received positively by markets which were possibly not expecting this unanimity. Super Mario, as he is popularly known, expressed his belief that Europe still has a way to go but we may witness signs of growth in the second part of 2013. Since assuming the presidency last year, Mr Draghi has been an expert in calming markets in Europe’s favour. He famously pledged to do “whatever it takes” to support the single currency back in July 2012 and so far the markets respond to him positively.

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    Morning Report about Forex Market Eg:The euro (EUR) flexed its muscles yesterday, after European Central Bank (ECB) President, Mario Draghi, appeared confident in his speech and ensuing press questions. He stressed that It was a unanimous decision to keep rates unchanged at 0.75%, a record low. This was received positively by markets which were possibly not expecting this unanimity. Super Mario, as he is popularly known, expressed his belief that Europe still has a way to go but we may witness signs of growth in the second part of 2013. Since assuming the presidency last year, Mr Draghi has been an expert in calming markets in Europe’s favour. He famously pledged to do “whatever it takes” to support the single currency back in July 2012 and so far the markets respond to him positively.

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    Attribution Non-Commercial (BY-NC)
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    17 tayangan1 halaman

    Draghi Pumps The Markets With Confident Rhetoric: Foreign Exchange Bullets

    Diunggah oleh

    Thuy Thu Dao
    Morning Report about Forex Market Eg:The euro (EUR) flexed its muscles yesterday, after European Central Bank (ECB) President, Mario Draghi, appeared confident in his speech and ensuing press questions. He stressed that It was a unanimous decision to keep rates unchanged at 0.75%, a record low. This was received positively by markets which were possibly not expecting this unanimity. Super Mario, as he is popularly known, expressed his belief that Europe still has a way to go but we may witness signs of growth in the second part of 2013. Since assuming the presidency last year, Mr Draghi has been an expert in calming markets in Europe’s favour. He famously pledged to do “whatever it takes” to support the single currency back in July 2012 and so far the markets respond to him positively.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
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    dari 1

    11 January 2013 www.easy-forex.

    com

    Draghi pumps the markets with confident rhetoric


    The euro (EUR) flexed its muscles yesterday, after European Central Bank (ECB) President, Mario Draghi, appeared confident in his speech and ensuing press questions. He stressed that It was a unanimous decision to keep rates unchanged at 0.75%, a record low. This was received positively by markets which were possibly not expecting this unanimity. Super Mario, as he is popularly known, expressed his belief that Europe still has a way to go but we may witness signs of growth in the second part of 2013. Since assuming the presidency last year, Mr Draghi has been an expert in calming markets in Europes favour. He famously pledged to do whatever it takes to support the single currency back in July 2012 and so far the markets respond to him positively.

    Crude Oil (OIL) saw some exciting trade over the past 24 hours. Pushed by positive Chinese and European data, it broke its 93.82 resistance and may continue to move higher. Gold (XAU) continues its downward trend against the dollar (USD) trading just below its daily moving average at 1673, but looks at moving above that level today. The Australian Dollar (AUD) broke above its pennant formation versus the US dollar (USD) abruptly finding higher resistance at 1.0595. It was supported by sound fundamentals from its main export parter China. Stay in tune throughout the day with foreign exchange bullets!

    MOVERS

    SHAKERS

    EURCHF

    The euro (EUR), which for some time had been trading between 1.2080 and 1.2095 against the Swiss franc (CHF), broke its barriers and is moving into higher territory after Draghis ECB conference yesterday. As long as it stays above the 1.2105 level we expect it to continue its upward trend. Possibly even breaking 1.2145 if confidence continues.

    OUTLOOK

    EURUSD USDJPY GBPUSD AUDUSD GOLD OIL US 500 UK 100

    Pivot
    1.3170 88.20 1.6070 1.0535 1658 93.10 1443 5874
    1

    Preference1
    LONG @ 1.3170 LONG @ 88.20 LONG @ 1.6070 LONG @ 1.0535 LONG @ 1658 LONG @ 93.10 LONG @ 1443 LONG @ 5874
    2

    Sentiment2
    28% 27% 39% 20% 64% 31% 15% 25% of deals buy EUR of deals buy USD of deals buy GBP of deals buy AUD of deals buy GOLD of deals buy OIL of deals buy US 500 of deals buy UK 100

    data generated by Trading Central, data obtained from easy-forex Inside Viewer

    CALENDAR

    Currency
    CHF GBP CAD

    Time (GMT)
    08:15 09:35 11:30

    Event
    Swiss Consumer Price Index (m/m) UK Industrial Output (m/m) Canadian Trade Balance

    Forecast
    0% 0.8% -0.6Bl

    Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.

    Written by Orestis Aristides Currency strategist at easy-forex

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