For Traders

Analytical Reviews

Hot forecast

15.06.201801:45 Forex Analysis & Reviews: The ECB disappointed traders

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The ECB disappointed traders

The ECB said it would complete its program of injections into the markets in December 2018, but the ECB will not raise the rate until at least the summer of 2019.

This knocked down the euro against the dollar: it became clear that the Fed has a significant margin for raising rates, while the ECB will keep the rate at zero.

The Euro broke through the week's highs, but sharply turned down, hit the key low of 1.1725 and reached 1.1680.

If the downward movement is true, the first target is 1.1565.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.