EURUSD - Strong sell rate cut coming soon to EURO to 1.07 or lower.
ECB Money markets at all time lows, and ECB could be closer to providing a rate cut. The current rate is -0.5% and the virus is affecting factories and suppliers. A rate cut would help improve the economy and fix the prices on internal stock investments. For the dollar the economy is still in a very strong state, and coming off of extremely bullish highs. We may see a large jump on the USDollar as the economy starts to return hinting not needing any cuts. Which I doubt they will cut the rate as economy is still good in America.
ECB Money markets at all time lows, and ECB could be closer to providing a rate cut. The current rate is -0.5% and the virus is affecting factories and suppliers. A rate cut would help improve the economy and fix the prices on internal stock investments. For the dollar the economy is still in a very strong state, and coming off of extremely bullish highs. We may see a large jump on the USDollar as the economy starts to return hinting not needing any cuts. Which I doubt they will cut the rate as economy is still good in America.
I am only a speculative trader and this is not financial advise on trades.
- If you are losing money close the trade
- Start with .03-.05 units and learn to manage risk
- Don't take profits too early cheers!
MatrixBits
- If you are losing money close the trade
- Start with .03-.05 units and learn to manage risk
- Don't take profits too early cheers!
MatrixBits