Weekly analysis For the period between october24th – 30th, 2016 Previous week: WELL DONE; previous week our trade gained 150 pips and still waiting for more 200pips. Also we had seen a major event, the ECB rate decision. ECB decision itself was not such a surprise but the report accompanying the decision contains some remarkable notes to take into account. First he stated that we should expect lower interest rates to remain at present or lower levels for an extended period of time, secondly the confirm that the monthly asset purchases of €80 billion are intended to run until the end of March 2017. May be the phrase that agitates the markets when he said that 2017 is expected to be NUTRAL, and The risks to the euro area growth outlook remain tilted to the downside and relate mainly to the external environment. Last, while there are no signs yet of a convincing upward trend in underlying inflation. Next week: We have AUD CPI, JPY CPI and unemployment rate, but the m...
WEEKLY GENIUS ANALYSIS