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Mariodraghi

Prepare for US GDP, ECB results and Fear IndexAt yesterdays' meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. Nevertheless, the comments from the Central Bank turned out to be very dovish, opening the way to further monetary easing in September. For the euro, of course, this is not a positive sign. However, we do not throw the euro under a bus yet, because next week’s meeting of the Federal Reserve will likely mark the beginning of a prolonged period of lower interest rates, in our opinion, this event is more important than words about future easing (in the battle of facts with expectations, we will give preference to facts). Also, the euro is supported by the head of the European Central Bank, Mario Draghi, who said that officials had not discussed the rate cut. Our position is unchanged - we buy EURUSD with current price with stops lower than 1.11. The data on the US GDP for the second quarter will be published today. GDP probably expanded 1.8% in the second quarter, down from 3.1%. If the growth is 2.2-2.5%, then the dollar, perhaps, is not in danger until Wednesday. But if 1.8%, it cannot avoid sales. So, dollar current price seems to us extremely attractive for its sales. Meanwhile, the VIX Index ( it is also known by other names like "Fear Gauge" or "Fear Index) dropped to Multi-Year Lows. That is, traders and investors have calmed down. That calls into the question the safe-haven assets growth demand and explains yesterday's weakness of the yen and gold. Given then the level of volatility in gold has increased, we prefer to trade with the Japanese yen. Its purchase against the dollar is still relevant for us. Our trading recommendations for today: We will continue to look for opportunities for selling the dollar across the foreign exchange market entire spectrum, buying the pound against the dollar as well as against the euro, selling oil and the Russian ruble, and also buying the Japanese yen against the dollar. As for gold, in the oversold we buy and in the overbought area we sell gold.
Long
by Trade24Fx
Trade Ideas Analysis: EURUSD Dbl TopDouble Top form up with RSI Divergence, great shorting opportunity as Double Top as it is a counter-trend entry technique, it gives one of the best Reward:Risk if traded effectively. Do note in about 2-hours later, ECB President Mario Draghi is going to have a speech if it doesn't affect your trading decision, do go ahead. Entry, stops and targets send to my subscribers, if you are interested to be a part of it, PM me. Going live on facebook in moments time, like our facebook page to join and not to miss the next session: www.facebook.com
Short
by RaynLim
1
EURCHF SELL-27.10.2017Hello Guys, Matter of fact, the Euro depreciation just begun. If you didn't catch that surge down , don't panic. Next week will offer better entries as more and more people jump, the EUR will jerk up a little bit before continuing with the plunge. Two technical considerations advised my entry: 1. Notice that bear divergence pattern over the last 20 trading days or so. As EURCHF prices moved up, stochastics were trending down. 2. There is a stochastic sell signal in the monthly and the daily charts. That double bar bear reversal pattern in the daily chart after yesterday's ECB taper announcement triggered bears. So, right now just watch price action. If you sell now, you won't be entering at best prices. Chill out and get better entries which guarantee good risk reward ratios next week. Overly, 500 pips is what we should be aiming at in this currency pair especially if there is a break below that support trend line in the daily chart. For similar reviews, you can hit the follow button. You can dig back my other analysis at Forex.Today if you click through this link: tinyurl.com
Short
by Kipyegonn
SHORT EURUSD: ECB POLICY DECISION & DRAGHI SPEECH HIGHLIGHTSIMO Draghi was dovish on the margin as expected - once again reiterating the ECB commitment to targets with " If Warranted, Will Act By Using All Available Instruments". Further, he was very pessimistic on many fronts, especially the ECBs key target inflation saying "Inflation Rates Likely to Remain Very Low In Next Few Months" and " Risks to Growth Outlook Remain Tilted to Downside". All in all this reaffirms my bearish EUR view and supports my medium term short EURUSD traded posted last weekend. Going forward, if low inflation persists the ECB has made it quite clear that it will take action "using all policy tools available", such a statement is very dovish/ bearish. In the broader view, Draghis dovishness should support risk markets today and help then shrug off the losses they made on the back of the Kuroda misinformation that repeated quotes from 3wks ago - which the market took as new hawkishness from the BOJ Governor. My favourite nearterm trade now is seeing USDJPY trading back to 107 by 5pm GMT thus holding my bullish view of the risk recovery taking us to 107, then 109 then 111/112 before reversing over the next few weeks. And I expect stock indexes to outperform safe havens on the day (where both trade flat now after safe havens initially pulling away post kurodas reiterated comments/ error from BBCR4). ECB Chair Mario Draghi Speech Highlights: -Draghi: Policy Measures Since June 2014 Have Significantly Improved Borrowing Conditions -Draghi: Financing Conditions Remain Highly Supportive -Draghi: Will Be in Better Position to Reassess in Coming Months -Draghi: If Warranted, Will Act By Using All Available Instruments -Draghi: Data Point to Ongoing Growth in Q2, Though Perhaps Lower Pace Than Q1 -Draghi: Fiscal Stance in Euro Area Expected to Be Mildly Expansionary in 2016 -Draghi: Headwinds to Recovery Include Brexit Referendum Outcome -Draghi: Risks to Growth Outlook Remain Tilted to Downside -Draghi: Inflation Rates Likely to Remain Very Low In Next Few Months -Draghi: Inflation Rates Should Increase Further in 2017, 2018 -Draghi: Essential That Bank Lending Channel Continues to Function Well -Draghi: Growth Supported by Domestic Demand -Draghi: Implementation of Structural Reforms Needs to be Stepped Up -Draghi: Council Concluded that We Didn't Have Information to Take Decisions -Draghi: Brexit Didn't Seem to Have Major Impact on Inflation Outlook -Draghi: Need More Time to Assess State of Market-Based Inflation Expectations -Draghi: If Warranted, Council Will Act By Using All Instruments in Mandate 2016. -Draghi: Should Take Brexit Impact Estimates With Caution -Draghi: Markets, Banking Sector Have Reacted in Fairly Resilient Fashion to Brexit -Draghi: We View Our QE Program, TLTRO Program As Quite Successful -Draghi: Past Evidence Shows Our Ability to Adapt Programs -Draghi: Have Not Discussed Tapering -Draghi: Very Important that Message of Stability Come out of G20, Given Uncertainties -Draghi: Very Difficult to Foresee Significant Impact of Turkey Unrest on Eurozone in Immediate Future -Draghi: Very Difficult to Understand How Geopolitical Uncertainties Affect Eurozone -Draghi: We See Inflation Moving Forward According to Baseline Scenario -Draghi: No Attention Given to Discuss Specific Instruments -Draghi: Bank Equity Prices of Some Significance for Policy Makers -Draghi: Problem Now Is Weak Bank Profitability Not Solvency -Draghi: Events in Turkey Could Undermine Confidence -Draghi: On Solvency Side, Our Banks Are Better Than Before -Draghi: Problem Now Is Weak Bank Profitability Not Solvency -Draghi: Monetary Policy Measures Undertaken When Many Headwinds In Place -Draghi: There's An Interest in Solving Problem Quickly, But Problem By Nature Slow to Resolve ECB Monetary Policy Decision - Unchanged as expected: - ECB MAIN REFI RATE UNCHANGED AT 0% - DEPOSIT FACILITY RATE AT -0.40% - MARGINAL LENDING RATE UNCHANGED AT 0.25% - ECB ASSET PURCHASE T
Short
by QuantumLogicTrading
4