Market Commentary
The President of European Central Bank Mario Draghi announced on Thursday that the European Central Bank will buy 1.1 trillion euros ($1.3 trillion) worth of government and select corporate bonds through to September 2016 but would this be enough to restore an already flagging Euro consumer sentiment with consumers very reluctant to spend? The euro currency quickly declined to the 1.13 lvel on the back of the news that the ECB's quantitative
easing program will be much larger than analysts had originally expected.
US Dollar
94.382 +0.187 +0.24%
Support at 91.837 with resistance at 96.027
EUR/USD
1.133109 -0.003250 -0.29%
Support at 1.11103 and resistance at 1.18043
Crude Oil
47.07 +0.76 +1.63%
Support at 43.87 and resistance at 50.31
Gold
1294.690 -5.495 -0.42%
Support at 1,267.2 and resistance at 1,324.6
Pieter Bergli - DeLoren Trust Holdings
Currency market educational perspectives
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