MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading plan for EUR / USD pair as of June 14, 2013

As expected, the Fed raised the refinancing rate from 1.75% to 2.00% yesterday. Given the completely predictable outcome of the meeting of the Federal Commission for Open Market Operations, the decision had no impact on the market. Rather, it even turned out to be a boon for a single European currency, as tensions and expectations were left behind. At least a part of them, since today ECB board meeting on monetary policy will take place. It is most likely that the ECB's board will not say anything about its plans for a quantitative easing program. This is indicated by factors such as the growth of inflation in Europe, as well as, the absence of a press conference following the meeting. The wording will be extremely vague, and, given the market's concerns about the prospects for extending the quantitative easing program, this will be enough to somewhat reassure investors. Reducing tension will have a beneficial effect on the single European currency. Moreover, in the US, the forecast assumes a slowdown in the growth of retail sales from 4.6% to 4.4%, coupled with an increase in commercial inventories by 0.3%.

The EUR/USD currency pair continued to move in the range of 1.1725 / 1.1830, which is currently located at the upper border. In case of fixing the price above the upper limit, we are most likely to be dragged to the values of 1.1850 / 1.1900. Otherwise, the movement in the range will continue.

analytics5b22128a43cb0.png

The material has been provided by InstaForex Company - www.instaforex.com