Mon. Sep 23rd, 2019

Forex Solution

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Be Alert Before Entering a Trade of EUR Pairs!

1 min read

As you know today there has few important ECB news risk of the can see below chart to understand current situation or German economy.

To improve from this situation,the European Central Bank has many options including a rate cut, stronger forward guidance, a new program of asset purchases and compensation for banks to relieve the negative effects of negative interest rates.If the central bank combines this with rate tiering or a new Quantitative Easing program, EUR/USD will sell off aggressively but if all they do is cut rates and strengthen their low rate pledge, euro will soar in disappointment.

So,i think we should wait until we can see a clear statement from ECB meetings.

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