The euro held steady against the dollar in European morning after the unemployment rate in the eurozone remain unchanged in July and August CPI estimate conform to expectations. However, the fall in inflation to 0.3% yoy in August, the lowest level since November last year 2009, added pressure for the European Central Bank to introduce new stimulus measures, along with TLTROs expected at next week's meeting. Recent weak data from the Eurozone, especially for its strong economy, have left no option for the ECB, but to act as fast as possible to reverse the negative sentiment and spur growth in the region.
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- Aug 29, 2014 1:58pm Aug 29, 2014 1:58pm
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- Post #920,584
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Fibonacci will make you rich
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A good trader follows his rules, but great trader knows when to break them
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Get Rich or Die Tryin
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those who can, do. those who cant, talk about those who can
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"W. D. Gann said that time is the most important factor among all things."
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New voice message: Why are you calling me? If I need you, I'll call you!
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those who can, do. those who cant, talk about those who can
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- Aug 29, 2014 5:41pm Aug 29, 2014 5:41pm
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