Freemoneyforum.net Welcome, Guest. Please login or register.
Did you miss your activation email?
November 21, 2018, 09:37:40 AM
Home Help Search Login Register

Trading Forex Crypto MBC Nymex EXNESS
Trading Crypto currencies CFD 24/7 EXNESS
Binary option Crypto currencies 24/7 Olymptrade
InstaForex - the best broker in Asia InstaForex

+  MAKE MONEY ONLINE || FreeMoneyForum.Net
|-+  Online earnning
| |-+  Forex
| | |-+  Euro Falls On Draghi’s Promise
« previous next »
Pages: [1] Print
Author Topic: Euro Falls On Draghi’s Promise  (Read 95 times)
CarlosR
Newbie
*
Posts: 25


View Profile Email
« on: July 26, 2018, 10:57:42 PM »

As stipulated in fx street calendar today the president of the ECB speaks about interest rate. ECB keeps interest rates, QE parameters and forward guidance unchanged, reiterating the intention to keep rates at this level at least until summer 2019. During the press conference, the ECB president noted the “steady and wide” economic growth of the euro area region and pointed out that the inflation would gain momentum by the end of the year. The acceleration of the inflation and the promise to keep rates unchanged reduces the real (minus inflation) return on investment to European assets. Such softness of the ECB’s position caused a new wave of pressure on the common currency.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.
Logged
Pages: [1] Print 
« previous next »
Jump to:  


Login with username, password and session length

Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2008, Simple Machines LLC Valid XHTML 1.0! Valid CSS!
Page created in 0.051 seconds with 18 queries.