EUR/USD The Week Ahead…

eurusdThe euro has fallen even further against the US Dollar, and has now been pushed below the $1.6 level over the past 24 hours.

This morning the euro was buying $1,056, this was having reached the $1.064 level only yesterday morning.
The euro is now at its lowest level compared to the US dollar since March this year.

On Thursday the European Central Bank (ECB) will gather for its next policy review meeting, and the prospect of further stimulus measures, has sent the euro plummeting.

It is expected that interest rates will be lowered, and that the ECB quantitative easing programme will be expanded.
The deposit interest rate to hold euros, is also likely to be cut to 10 base points, if a consensus is reached.

After the meeting if, as expected, the ECB announces a package designed to help the euro area, the euro itself is certain to take more pain in relationship with the dollar.

Last week the US economy’s growth rate was revised for the third quarter upwards to 2.1%, a 0.6% difference from the original announcement.

John Valley on GoogleJohn Valley on Yahoo
John Valley
John S. Valley is the founder of The FX Academy, a lean and very mean financial planning and investment advisory firm that advises clients with portfolios ranging from $10,000 to over $50 million. The author of "Beating Wallstreet", Valley advises wealthy individuals on how to invest their money, as well as courses on behavioral finance at dozens of elite institutes. His articles and reviews on Binary Options Listings give valuable insights into the world of stocks, binary options & forex.

Tagged with:

Leave a Comment

Copyright © 2019. All Rights Reserved. Binary Options Listings