Tag: european summit

I guess I’ll have a long weekend

Want to know why I’m taking a long weekend?

  1. Earlier today the ECB announced a rate cut to 1% from 1.25%.  Did you see the impact on the market on the rate cut? It was descent, and we’ll probably see more volatility because of this.
  2. European Summit. The next following days are extremely important for the European crisis, plenty of decisions need to be taken, and by judging today’s impact of the ECB rate cut, we’ll see more wild moves today and tomorrow.

So let me suggest you, just take the rest of the week off, I’m going to do it.

Are you doing to trade the rest of the week? Let me know.

Please have a great weekend!

Good luck!

Raul Lopez
Forex Training

ECB, european summit, interest rate