empty
 
 
24.09.2018 07:52 AM
Global macro overview for 24/09/2018

According to Ewald Nowotny, the European economy is in very good condition, and monetary policy is not keeping up with it, it is still in the mode of deep crisis. In the euro area as a whole, price stability has been achieved. In the current situation, policy normalization seems to be the best solution and should be speeded up.

Nowotny pointed out, however, that in the matter of inflation he is more optimistic than most of the ECB members. He added that it does not mean that he is isolated in his opinions. The largest risk is currently the situation of the banking sector in Italy. The Italian government is still sending mixed signals.

Today at 01:00 pm GMT the President of the ECB Mario Draghi will speak in Brussels to the ECON Committee. He will discuss the economic and monetary perspectives of the euro area and deal with the topics proposed by the committee. He will talk about the risk related to the lending activities of banks and central bank communications in the situation of a non-standard approach to monetary policy.

Let's now take a look at the EUR/USD technical picture at the H4 time frame. The pair has started the week without major moves as the market still trades around the level of 1.1750. The current local high was established at the level of 1.1803 and since then the price has entered the corrective cycle. The channel still prevents the price from falling down, so the technical support at the level of 1.1720 should hold as well. The momentum is positive, but not so strong and it is pointing down, just as the stochastic indicator.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $9000 more!
    In May we raffle $9000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback