www.varchev.com

Sentiment in the market, continuing the movement from last week

Over the weekend there was no significant news to influence the market and expect currencies to continue their movement from last week. Dolarat is expected to continue to rise, after parliament spelled out earlier Wednesday the Fed removed the phrase “indefinitely” on interest rates, which raised speculation about their possible increase earlier than expected. Some analysts believe that can occur around mid-year. The euro will likely fall after it became clear that the ECB will raise incentives. JPY is also expected to continue to depreciate, since the Bank of Japan announced that they will continue the policy of “Abenomiks” to continue the incentives and demand the optimal inflation target of 2%, which weakened the yen against most major currencies.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
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