Daily News | ECB Decisions

In the aftermath of the Brexit referendum, the European Central bank is about to make an important monetary policy announcement. The meeting itself isn’t expected to unveil any new information or implement significant changes, but it’s actually the post-meeting press conference that everyone is waiting for. ECB president Mario Draghi is expected to reassure investors – primarily, he must assure them that the negative consequences of Brexit on the Eurozone can be dealt with. Next, the European Central Bank must be prepared to support shaky Italian banks because right now, Italian banks are more than 360 billion euro in debt. However, as the future of German government debt seems brighter, the euro has somewhat strengthened against the American dollar – 0.2 percent to $1.1030. In combination with the projected positive impressions of the ECB meeting, the euro should remain fairly stable.

On the other side of the world, in Japan, the dollar is still going strong against the yen, marking a six week high after it rose to as much as 107.49 yen. Accordingly, the euro rose 0.1 percent against the yen to 117.90 yen. There has also been talk of a 190 billion dollar stimulus Japan is going to use to strengthen its economy. But the currency whose value has fallen the most is the New Zealand dollar. It dropped down by 0.6 percent to $0.6986, making it a six week low.

Daily News | Win With This Broker

For years, Boss Capital has been synonymous with success. We thoroughly researched Boss Capital and wrote on them extensively, so head on to our Boss Capital Trading Platform 2016 review, and prepare to be amazed. The way Boss Capital handles their customer support and education, along with their expertise in trading, makes them the right choice for any trader. With an extensive offer of tradable assets, no wonder they’re on top of the market. Make sure to open an account with them and win!

TRADE IN A SAFE ENVIRONMENT
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.