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Some announcements that may impact the markets this week
Big news for this week!
Below
are some announcements that may impact the markets this week:
Market News
The markets
certainly got roughed up yesterday after Eurozone interest rates were cut,
sparking a mass sell off in EURUSD. EURUSD has fallen back to mid-2013
levels and now exposes the EURO as a 'funding currency'. This means that
traders will look to borrow funds and invest them in economies with higher
yielding assets; for currency traders this is known as the 'carry trade'.
Draghi will no
doubt welcome a weaker Euro to help stave off deflation and make the Eurozone
more competitive; inflation of 0.3 last month is a fraction of the 2% goal he
has set.
Volatility today
may increase with US Non Farm Payrolls coming out. Anything less than an
increase of 225,000 jobs created in August could send the USD spinning
backwards.
HIROSE News
Many clients are
successfully switching between their MT4 platform and Binary Options platform
which has added extra potential to their trading strategies.
With Binaries
you know what the potential gain or loss will be, with basically 2
outcomes - whether the option expires in or out of the money (with the
added potential of closing the trade early).
Some of the
common strategies that clients are using are discussed in following link
http://hiroseuk.com/landing/lionbo_guide/
An extract for
one potential strategy can be found below.
Happy trading!
The Hirose UK Team