More EU Quantitative Easing on the Way
Fridays are always the day of the week when Binary Options traders will be looking to end the week on a high, and the markets are proving to be very volatile already today.
This has been due to the ECB President Mario Draghi making an announcement yesterday (full conference shown below) that he is quite happy to see a further round of money printing throughout the EU through his quantitative easing scheme.
In fact he has also gone on record saying that he has no problems with EU interest rates being cut even further from their already very low rates.
That news will of course be music to the ears of all Binary Options traders, for the instant result of his announcement has seen some huge increase in the values of many shares and some currencies namely GBP have been increasing overnight.
In fact GBP is currently trading at a four week high against the Euro and as such Forex brokers are going to be looking to cash in on the strength of the Pound and the weakness of the Euro today and in the coming days.
Over in the US their stocks and shares have been performing very well overnight, for some recent figures and data released has shown the US is doing much better as a whole financially than had been predicted, so those Binary Options traders who like to concentrate their trading efforts on US based companies are going to possibly be in the money too.
Today will see several companies releasing their latest news updates, and William Hill is taking a bit of a battering at the minute due to a profits warning. Other information that will be released today that will be worth making a note of include the Euro zone final composite PMI the UK BBA mortgage lending news update and over in the US their recent report will be released in the early afternoon which is the final manufacturing PMI.
If you are considering placing any type of Forex or Binary Options trade today it is sure to be an interesting day in regards to volatile share prices, commodity prices and of course currency pairings on the Forex markets. With that in mind and as always we wish you the best of luck on each of your trades today and here’s hoping you will be able to cash in on the current very volatile markets places.
Watch the ECB Press Conference below:
