Will Lagarde oppose the rising euro exchange rate and what will be the bank's forecasts for growth and inflation? Christine Lagarde should have been following closely the recent rise in the euro exchange rate. Since the beginning of June, the common European currency has appreciated by about six percent against the US dollar. This is a problem for the central bank: On the one hand, the strength of the euro makes exports from Europe more expensive, which tends to weaken growth - on the other hand, it makes imports cheaper and thus pushes the already low inflation in the euro area even lower down. Although the ECB does not formally pursue any exchange rate targets, Lagarde's predecessor Mario Draghi often commented on the euro exchange rate when he saw cause for concern. (Christine Lagarde euro) In addition to the strong [...]
About Master TraderThis author has not yet filled in any details.
So far Master Trader has created 2 blog entries.
Trading gold as per triangle formation. Take a look at our charts and find how to trade this forex chart formation. As we can see from the picture, we are looking at the chart of the gold. What we can see is that in the first place we have an uptrend. We have said more than once, the most reliable positions are the one following the trend. Trading Gold Using Triangle We see that the price is trying to break the previous high, but without any success. At this point, we can only wait to see what the graph will show us. We can draw a trend line on the tops and one on the last bottoms. Here we come to the formation itself. Here we want to give you some information about the triangle figure itself. As we see [...]