Sentiment in support of European indices and the dollar

EURUSD After the turmoil last week when the Central Bank of Switzerland surprisingly removed the ceiling to the euro, the couple did drop from 1.1840 to 1.1540 in the coming days is likely to continue its downward motion before the ECB’s decisions for future action and whether to start quantitative easing, through the purchase of government bonds, as was said earlier this month the president of the European Bank Mario Draghi.

GBPUSD pair opened with a gap today’s session, as sentiment remains in favor of the dollar due to expectations of raising interest rates in the middle of this year by the Federal Reserve. Index of house prices in the UK have shown better results today and we might see a slight correction, then a new Short.

European indexes are supported by the events of last week, business expectations are rising and investor confidence increased. Expected incentives from the European Central Bank to support the positive movements, as this is likely to continue at least until Thursday when meeting Mario Draghi and company.

US indexes also posted an increase last week, thanks to deystiviyata by the SNB and the correction in oil prices. Today, however, he declined, as this will affect the energy stocks and it is possible to see declines in the coming hours.

Varchev Finance

 Varchev Traders

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