Money Flows before the start of the European trading

For the moment, a quiet start to the session. Markets seem generally quiet and calm following the ECB’s decision yesterday, and the comments of Bank President Mario Draghi, which initially plunged the euro but then revived a return and a strong end to the day.

This was a key meeting of the central bank, with traders now having the difficult task of measuring the variables and making a proper assessment of past and future developments in the euro area. Looking ahead, the focus remains on central banks, and the lack of major reports today means more time for market participants to reflect. The fact that today is Friday also means that the trade will remain with suppressed volumes and on the whole cautious, with the exclusion of profits that will be reflected in the correction of the main stock indices.

 Trader Aleksandar Kumanov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance