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