📉📢Signal #16|EURUSD Short Entry | 06:17:09 (UTC) Fri Sep 10, 2
The European Central Bank president, Christine Lagarde, rephrased Margaret Thatcher's quote about inflation: "She's not tapering." Despite the Eurozone's financial crisis recovery, the ECB appears to be easing monetary policy. A shift in the ECB's bond-buying program has also been made, and the ECB has also announced that it will increase its quantitative easing program to a level prior to March 2021. Instead of tapering, Lagarde explains, the long-term extension of asset purchases is a way to promote financial stability in Europe. Bond markets were relieved by the lack of any Fed tapering news, but the markets did not respond strongly. The EUR/USD is floating higher due to the fact that its yield is lower than that of other Euro crosses. This is because interest rates in the Eurozone have fallen faster than those in the United States. A change in currency exchange ranges in the near future is unlikely. In contrast to the EUR/USD and EUR/JPY exchange rates, the EUR/GBP exchange rate has broken away from its July low despite the fact that the rates for the former two currencies appear to be moving away from their summer highs. While the current environment may not be volatile, traders should expect a gradual increase in volatility in the future.
📢 Signal#:16
🏦 OrderType: Sell
💰 OrderSize: 1.00
💱 Symbol: EURUSD 🇪🇺🇺🇸
📈 OpenPrice: 1.18233
⏰ Expiration: -/--
🎯 TakeProfit: 0.00000
🛑 StopLoss: 0.00000
📢 Signal#:16
🏦 OrderType: Sell
💰 OrderSize: 1.00
💱 Symbol: EURUSD 🇪🇺🇺🇸
📈 OpenPrice: 1.18233
⏰ Expiration: -/--
🎯 TakeProfit: 0.00000
🛑 StopLoss: 0.00000
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