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  1. #1
    Legendry Member milos's Avatar


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    The pair stands below its resistance and remains under pressure. with targets  1.0985 and  1.0940 in extension.


  2. #2
    Legendry Member milos's Avatar
    The European Central Bank left its benchmark interest rate in March to a record low of 0.05% which was in line with the forecasts of analysts. Euro jumped, and then fell sharply in relation to other major currencies after the speech of the President of the ECB Mario Draghi.EUR/USD was recorded the bottom 1.1006 and it subsequently consolidated at 1.1023.

    After the President of the ECB Mario Draghi announced positive assessment for the economy of the euro zone,the euro briefly jumped sharply to 1.1113.But it was quickly dropped because these assessments and evaluations of the market went in opposite direction.Draghi confirmed that the ECB will start bonds buying government.It is known as quantitative easing program 9th March and will last until September 2016 or longer if necessary will amount to 60 billion euro a month.

    Mario Draghi said that the program already helped easing euro zone economy.It needs to improve growth prospects.The President of the European Central Bank considers that the recent drop in oil prices should affect the growth of the economy through the growth of household consumption and reduce company costs.ECB has raised the growth forecast for this year to 1.5% from the previous 1.0%.

  3. #3
    Legendry Member milos's Avatar
    According to some economists it is quite possible that the euro and equalize with the US dollar as a result of a permissive monetary policy adopted by the European Central Bank.

    French trade balance fell to minus 3.7 billion euro from minus 3.3 billion euro.It is expected to minus 3.0 billion euro.Industrial production rose in Germany in February by 0.6% after growth of 1.0% in the previous month.It was in line with the forecasts of economists.GDP remains unchanged in the euro zone.

    The pair stands below its resistance and remains under pressure with targets 1.09485 and 1.094 in extension.

  4. #4
    Legendry Member milos's Avatar
    The US Department of Labour has announced that the number of jobs created in the US,outside of the agricultural sector,rose to 295000 persons from 239000 in the previous month.Analysts had expected growth to 240000 in February.

    The unemployment rate in the US fell in February more than expected.The report US Department of Labor reported that the unemployment rate in the previous month fell to 5.5% from 5.7% and predicted to drop to 5.6%.

    Average hourly earnings fell last month to 0.1% from 0.5% previous month,while economists predicted a fall to 0.2%.

    The pair has broken below its previous low.with targets 1.0815 and 1.0750 in extension.

    It will be recorded in the money.
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