Sat, Oct 25, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Euro/Dollar Direction Post-ECB Meeting Will Drive Gold

Posted on 05 June 2014

Gold traders will keep track of the direction the U.S. dollar and euro take after the European Central Bank meets Thursday, as how the two currencies react will determine gold’s direction.
There’s some uncertainty about what the ECB will do because it has several options available to adjust monetary policy. General expectations among currency analysts are that the ECB will cut refinancing rates between 10 to 15 basis points and likely cut the deposit rate to minus 0.1%………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031