Euro Welcomes ECB's Draghi. The euro rose after ECB's Draghi uttered central banks agreed to keep interest rates at a low level of 0.75%. The statement was quite hawkish when compared to the ECB's Draghi comments in December that signaled the discussion to cut interest rates. Previous ECB kept interest rates again at 0.75% for six consecutive months. EUR / USD is now trading 1.3176, moving away from a average daily low price of 1.3038. Although the ECB's Draghi expressed economic conditions are still weak for year in 2013, however the ECB Leader express optimism will improve that conditions at the finishing of year 2013. Then the European Central Bank, Draghi still see or predicted the downside risk in all of economic zone activity, but the risk is more due to the calm implementation of reform policies. ECB's Draghi also saw improvement in the situation of the financial sector and strong capital inflows into the euro-zone.
Gold Rising After ECB Decision
Gold futures score gain of 1.4% on Thursday, buoyed by strong Chinese export data, coupled with a weaker dollar against the euro after the European Central Bank did not give any hints about interest rate cuts in the short term. "China's trade data yesterday showed strong demand from countries with the second-largest economy, while the ECB statement to hold interest rates was seen as positive for the gold price rally EUR / USD, said Fawad Razaqzada, Market analyst at GFT in an email.
U.S. Stocks Raised By The positive view of the Global
U.S. stocks rose on Thursday, lifting the S & P 500 to its highest closing in 5 years, after Chinese data provide a view from the improving global economy. "Growth in China running fast and the market yesterday or today looks positive as it relates to the results of earnings , "said Mark Luschini, an analyst at Janney Montgomery Scott. China export data beat expectations in December, while the European Central Bank President Mario Draghi forecast that the eurozone economy will bounce back this year.
Gold Rising After ECB Decision
Gold futures score gain of 1.4% on Thursday, buoyed by strong Chinese export data, coupled with a weaker dollar against the euro after the European Central Bank did not give any hints about interest rate cuts in the short term. "China's trade data yesterday showed strong demand from countries with the second-largest economy, while the ECB statement to hold interest rates was seen as positive for the gold price rally EUR / USD, said Fawad Razaqzada, Market analyst at GFT in an email.
U.S. Stocks Raised By The positive view of the Global
U.S. stocks rose on Thursday, lifting the S & P 500 to its highest closing in 5 years, after Chinese data provide a view from the improving global economy. "Growth in China running fast and the market yesterday or today looks positive as it relates to the results of earnings , "said Mark Luschini, an analyst at Janney Montgomery Scott. China export data beat expectations in December, while the European Central Bank President Mario Draghi forecast that the eurozone economy will bounce back this year.
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