Daily News | ECB president hints at reduced stimulus

We are at the zenith of this week in global binary options trading and there is plenty to see and do out there for the discerning trader, such as yourself! Join us, as we analyze everything important on the currency market. This Wednesday, we focused on the euro. From Monday to Tuesday, this currency rose from $1.1196 to $1.1318. This rallying against the dollar happened due to ECB president Mario Draghi fueling the global markets expectations that the ECB would reduce stimulus this year. The European Central Bank could adjust its policy tools as economic opportunities improve on the Old Continent. This shift by the bank, even if’s just the organization weighing options, is seen by many as a hawkish signal. We will keep following the ECB president and his next moves, but let us now look at the US dollar. As expected, the USD dropped in the same period, from €0.8931 to €0.8837. This mostly had a huge benefit for crude oil prices, but it is important to note that the gains were limited by the supply glut.Wall Street saw a rise in energy and bank sector stocks, which saw little change happen on the global equities index and the S&P 500. We will continue to follow changes on the markets tomorrow, so keep on reading!

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Author: Max Rothstein

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