FOREX TRADING

Euro Area Lacks Fundamentals, but We Are Waiting for Some Good News Later This Week

A new week had started, and our concerns remain the same of the surging unemployment rates and low consumer prices, undershooting the ECB comfort zone affected by the ongoing weaknesses in the sixteen nations from curbed spending and weak confidence levels. We are sure that the euro area finally emerged from the worst recession since the euros establishment, but the ongoing downturns taking place from various sectors would diffuse back some clouds in our skies.

With all the actions taking place and improvements we can only say that the European Central Bank is in the waiting status, abstaining from taking further actions such as reducing or manipulating the benchmark rate along with other instruments waiting to see the effect of the previously injected aids. Because After all the taken measures by the Central Bank, improvements started to float on the surface brightening our outlook further giving out hopes to the businesses teetering on the brink of destruction. (more…)

The Greenback anticipates the release of U.S. Core CPI at 12:30 GMT. The reason this publication is so significant is due to it being a leading measure of U.S. economic growth and inflation. A positive figure is probably to help the US Dollar gain strength throughout today’s trading. The US Dollar will also be affected by its yesterday’s bearishness, as there perhaps a slight correction in the greenback. Traders should open their USD positions now in order to make maximum profits from end-of-week trading. (more…)