ECB will keep the rates low, Draghi to IMF

European Central Bank will keep the interest rates low for a long time, this is what Mario Draghi said to the International Monetary and Financial Committee, the executive branch of the International Monetary Fund. The ECB President’s speech defined the risk of deflation now disappeared, but European monetary policy will remain expansive, there is no…

EUR/USD: notices from Tokyo about French election

EUR/USD touched 1.776 just yesterday, its highest level in this months, near the next technical level of 1.0814, but volatility is increasing with the waiting of investors for presidential election in France, next weekend. Security will be a great focus in the run up to Sunday’s vote, after last attack in Paris claimed by Isis…

Oil, OPEC to cut production. Really effect on market?

Oil stocks are increasing month by month, day by day, realizing that was an unbelievable paradox until few years ago. Production keep increasing the offer, but the market can’t absorb it, so there are two questions for OPEC and others oil producers: Is oil-era going to end next years? How resolve the problem of large…

Forex, EUR/USD: 3 reasons to change perspective

Someone said that shorting EUR/USD on forex market is an outdated strategy, this could be true and the Euro-Dollar pair is going to rise to 1.08, bouncing from 1.06 or less with a triple bottom on the chart. The pattern appears clearly on the weekly time-frame and gives to EUR/USD a bullish perspective in the…

EUR/USD rises, DAX30 falls down: an exemplary correlation

Can a trader read the markets from two different perspective at the same time? The correlation between the EUR/USD pair and the German stock index DAX 30 offer this possibility and, today, their correlation was exemplary. The pair Euro-Dollar rose 90 pips and DAX 30 fell 206 points at the same time, showing a strong…

Netflix dominates competitors with 100 million subscribers

10 years after its birth, Netflix is going to overcome the symbolic goal of 100 million subscribers around the world next weekend. The success of the video streaming platform exploded in 2016, with over 7 million subscribers in the last quarter of the year. Price policy remain aggressive and Netflix can dominate the market of…

Forex, upcoming macroeconomic data

The main topic of the economic calendar of the next week will be the inflation. The consumer price index is expected in Eurozone, Canada and New Zealand. This data, for Euro-area, will be a test for the expansive monetary policy of Mario Draghi and the ECB. Monday, 17/04/2017 03.00 gmt, China: Chinese Gross Domestic Product (GDP) will be the only…