Daily News | Bolder ECB inflation targets

This week in global trading is still very much at its beginning, so you have plenty of time to create a winning strategy that is best suited to your skills and abilities. We will help you by filling you in on the most important stories of the day this Tuesday, starting with the euro. From Friday to Monday, the currency fell from $1.1970 to $1.1840. The European Central Bank is increasingly more confident that inflation is back on track to reach the expected inflation targets. However, patience is still needed according to ECB President Mario Draghi, so as to make sure the economic recovery lasts. Currency volatility was one of the main arguments for uncertainty that required monitoring, with ample ECB accommodation still being needed if the desired inflation targets are to be met. We will continue to keep you informed in the future on European affairs, but let us now turn to the US dollar which rose from €0.8354 to €0.8443. Sharp selloffs in technology stocks dragged the Nasdaq down more than 1% on Monday, with the latest round of blustering from North Korea further fanning the flames. This pushed up demand for safe-haven assets, with gold rising 0.9%. We will keep you in the loop in the future, so stick with us!

Daily News | Learn to predict the market

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Author: Max Rothstein

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