Daily Analysis from FX77, Jan 23, 2015 The long awaited “Bomb” finally the market yesterday, as ECB president Draghi announced the Bank’s new Bond Buying monetary policy, with intensions of purchasing 60 Billion EUR in bonds through late 2016. The earthquake was soon to follow, as the EUR lost major ground versus its major peers, with a notable slide of over 200 pips for the EUR/USD, dropping as low as a historical 1.13 levels. A continuing slide seems inevitable for the pair as the as the program goes on, with additional factures such as the elections in Greece on Sunday, probably adding further to the turmoil. The USD Index soared to a fresh 12 year high yesterday, with a rise at the USD/JPY front, and a decent of the AUD/USD pair. Wall-Street enjoyed a fully green day as well, with the 3 main Indices rising over 1.5%. Next week will bring quarterly reports by some of the main stocks, including Apple, Amazon and Google, which will surly bring a vast amount of trader’s attention. Key Market data today: 08:30 – EUR: German Manufacturing PMI. 09:30 – GBP: Retail Sales 13:30 – CAD: Core CPI 15:00 – Existing Home Sales. https://fx77/detail-economicdaily-2484-en.html?lrx
Posted on: Fri, 23 Jan 2015 07:29:38 +0000
Trending Topics
Recently Viewed Topics
© 2015