In the past two days, the euro has been growing on speculations about the “turn” of the ECB policy: a turn from an ultra-soft to a normal, moderately tough policy. In fact, it was confirmed that at the next meeting, a week later, on June 14, the ECB could make a strong turn – to announce the completion of the QE (money market pumping) policy – and, possibly, to raise the deposit rate to zero.
This pushes the euro towards growth. Added to the growth of the euro and some comfort around the new government of Italy – the government, albeit from the populist, but understands that the attempt to beginning exiting from euro is a complete catastrophe for Italy’s huge public debt – with all the budget, income of citizens, etc., Italy’s policy will probably be sane.
Already tomorrow, June 8, the main theme again will be Trump and his new duties. The G-7 summit will begin at the level of the heads of state in Canada (unless canceled and transferred). Trump fees are new – the main topic, of course. Trump still keeps his position on duties. All the rest are tough against, of course. France said that it will not sign the final declaration of the Seven (unless the position on duties changes).
So, the euro is still growing.
Buy the euro from 1.1745, stop at 1.1700, profit at 1.1945.
Alternative: Sell from 1.1650, stop at 1.1695, profit at 1.1450.
The material has been provided by InstaForex Company – www.instaforex.com
Burning forecast 06/08/2018
The ECB drove the euro upward.
In the past two days, the euro has been growing on speculations about the “turn” of the ECB policy: a turn from an ultra-soft to a normal, moderately tough policy. In fact, it was confirmed that at the next meeting, a week later, on June 14, the ECB could make a strong turn – to announce the completion of the QE (money market pumping) policy – and, possibly, to raise the deposit rate to zero.
This pushes the euro towards growth. Added to the growth of the euro and some comfort around the new government of Italy – the government, albeit from the populist, but understands that the attempt to beginning exiting from euro is a complete catastrophe for Italy’s huge public debt – with all the budget, income of citizens, etc., Italy’s policy will probably be sane.
Already tomorrow, June 8, the main theme again will be Trump and his new duties. The G-7 summit will begin at the level of the heads of state in Canada (unless canceled and transferred). Trump fees are new – the main topic, of course. Trump still keeps his position on duties. All the rest are tough against, of course. France said that it will not sign the final declaration of the Seven (unless the position on duties changes).
So, the euro is still growing.
Buy the euro from 1.1745, stop at 1.1700, profit at 1.1945.
Alternative: Sell from 1.1650, stop at 1.1695, profit at 1.1450.
The material has been provided by InstaForex Company – www.instaforex.com
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