empty
 
 
22.01.2016 11:05 AM
Global macro overview for 22/01/2016

Global macro overview for 22/01/2016:

At yesterday's ECB meeting, ECB President Mario Draghi dropped a very clear and deliberate hint that further monetary stimulus are likely at the next meeting scheduled for March. It looks like serious moves are going to be necessary in order to overcome the new deflationary pressure and downside risks arising in the euro area. Nevertheless, please notice that there are still some serious and influential hawkish members of the ECB board, so do not expect too much from the next ECB meeting.

Following dovish statements of Draghi, the EUR/USD pair fell, but managed to bounce back to the pre- ECB levels. Currently, the pair is trading just below the important resistance level of 1.0858.

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback