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*

Global macro overview for 05/08/2015

Global macro overview for 05/08/2015:

Yesterday evening, Federal Reserve Bank of Atlanta President Dennis Lockhart said the Fed was ready for the first in nine years short-term interest rate hike as the economy is on its way to recovery. He added that only serious deterioration in the US economic conditions ( unemployment incensing, wages decreasing, inflation decreasing, manufacturing decreasing) could bar the Fed from raise the interest rate. Nevertheless, the Fed's inflation target level for the first rate hike is 2%. This is why September's rate hike might be postponed December 2015.

After the hawkish Lockhart comments the EUR/USD pair broke below the golden trendline and it is currently trading at the level of 1.0864. The important support at the level of 1.0808 is the next in view.

eurusd.jpg

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