Binary.com Daily Market Report (6th Jun)
June 6, 2014 9:48 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
ECB Action At Last – But Is it Enough?
Morning Report: 08:45 London
• The ECB took centre stage yesterday as Mario Draghi unveiled a menu of activities it has activated to finally help the Eurozone turn the corner. The headline measures include a rate cut down to 0.15% and a negative deposit rate. There were other measures adopted, though the ECB stopped short of initiating Quantitative Easing activities. Is it enough? Time will tell, but there are already calls that this will not touch the real problems impacting the Eurozone – namely the lack of growth especially across the peripheral regions.
• Markets were volatile following the announcements, with the euro ultimately pushing higher towards the close in line with a general ‘risk on’ theme across stock markets.
• The dollar index was punished, driving dollar pairs higher as a result. While a rate cut and negative deposit rates may usually see a currency decline in this case, the general bullish implications appear to have won through. Although the ECB actions were the main catalyst today, it was as though the euro outshone its neighbours – The EUR/GBP finished flat on the day.
• Elsewhere, commodities continue to benefit from the weaker dollar, with Silver pushing higher.
• The yen pairs are generally on the back foot, primarily due to the weaker US dollar driving money into the yen rather than any particular yen strength.
Coming up today:
• Following yesterday’s excitement, we still have the big US jobs report to go!
Trade Idea:
• Longer term, the Eurozone’s structural problems remain untouched, which sets the scene for further ECB activity in the coming months.
A good way to play this could be a LOWER trade predicting that the EUR/JPY will close below 139.25 in 31 days could return 125% if successful.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
Email [email protected] or skype me at bomaffiliates-karen
Related Posts: