Forex video analysis 05.09.2014 As always, the first week of - TopicsExpress



          

Forex video analysis 05.09.2014 As always, the first week of the month has been characterized by important market movers that generated high volatility in the market, among them we can remember four monetary policy meetings and the US labor market monthly data. In Australia we had the confirmation of the interest rates at 2.50% as well as in Canada where Governor Stephen Poloz kept the rates unchanged at 1%. In the UK too the monetary guidance has been confirmed in terms of monthly asset purchase and interest rate at 0.50%; we will see in a couple of weeks (with the Minute) which have been the specific positions of the members of the BoE’s board. Yesterday there was a great expectation for the ECB meeting, in order to see new accommodative measures and, as a matter of fact, Mario Draghi decided for a new rate cut by 10 basis points to 0.05% (historic low) and the ABS purchase plan from next October. I prepared the usual weekly video with some trading opportunities for the next days and the my trades of this week. youtu.be/aohZoBsj3Ks Have a nice week-end! Maurizio Orsini mauriforex
Posted on: Fri, 05 Sep 2014 08:58:28 +0000

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