The Bank of England left its bond-buying program on hold. BOE kept its quantitative-easing target at 375 billion pounds, as it was predicted. It also left key interest rate at a record low of 0.5%.
The European Central Bank kept interest rates on hold after its pledge to buy government bonds lowered borrowing costs and boosted confidence that the euro can emerge from recession next year. The benchmark rate was left at a record low of 0.75%.
Technically, the euro and the British pound, the Swiss franc and the Australian dollar have short-term bullish trend. In some cases it is more accentuated, the British pound and the Aussie, in particular. To operate with the euro, which they say is easy to operate, it is recommended to wait for Draghi finished his presentation.
The material has been provided by Instaforex Company - instaforex.com
For detail explanation and best discovery on market trends you may visit via Fundamental Analysis For December 06, 2012 . Thanks for your support on Fundamental Analysis For December 06, 2012
No comments:
Post a Comment