All Eyes on ECB

January 22, 2015

Mid-week the world’s financial markets closed on a positive note. In Europe, the British FTSE 100 advanced 1.63 percent up to 6,728.04 points, the German DAX grew 0.41 percent up to 10,299.23 points, and the French CAC 40 added 0.87 percent closing at 4,484.82 points. The market is waiting for the outcomes of the ECB meeting today. Players are confident that the ECB will announce the launch of its quantitative easing program for the eurozone. According to some media sources, the Central Bank is planning to buy bonds for 50 billion euro monthly till the end of 2016. The total purchasing pool will make 550 billion euro.

In Russia, market players also cheered up. As oil prices went up, the MICEX index grew 3 percent up to 1,618.17 points, and the RTS index advanced 3.42 percent up to 782.13 points.

In the USA, the Dow Jones Industrial Average gained 0.22 percent up to 17,554.28 points, the Standard & Poor's 500 grew 0.47 percent up to 2,032.12 points, and the NASDAQ Composite picked up 0.27 percent closing at 4,667.42 points.

The NYMEX price of February WTI oil futures rose by $1.31 and closed at $47.78 a barrel yesterday. On London’s ICE, Brent oil futures for March went up by $1.04 and reached $49.03 a barrel.

On the Forex market, EUR/USD is still within the same range as yesterday. However, the euro may drastically change its medium-term trend today if the ECB announces the start of the QE program.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

FIBO Group Rating
FOREX.com Rating
HotForex Rating
XM Rating
FxPro Rating
FXCM Rating

OptionsXO Rating
Beeoptions Rating
OptionRally Rating
Banc De Binary Rating
TropicalTrade Rating
OptionFair Rating