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

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

FOREX.com Rating
FX Giants Rating
FxPro Rating
NPBFX Rating
Vantage FX Rating
Tickmill Rating

TopOption Rating
OptionFair Rating
EZTrader Rating
Binary Brokerz Rating
Binary.com Rating
IQ Option Rating