6/14のレンジハンター結果 Explanation: - The text inside is in Japanese: "6/14のレンジハンター結果" which translates to "6/14 Range Hunter results" or more naturally "Results of Range Hunter on 6/14". - The instruction says to keep HTML format, not in markdown code, and not
Good morning.
This is Charry Trader.
Yesterday, the ECB’s monetary policy was in focus.
The deadline for the asset purchase program under review was end-September, but as market expectations suggested, it was extended to December.
The focus is on the amount, but
This itself was somewhat hawkish, but
on interest rates
“to ensure that, at least into the summer of 2019,
the path of inflation continuing to move toward the sustainable adjustment that aligns with our current forecast
remains at the current level for as long as necessary,”
and that the asset purchases may end, but
the central bank would not move to rapid tightening immediately.
There is a possibility that Draghi, whose term ends in October 2019, may leave without ever raising rates during his eight-year tenure.
(Reuters)
In short, the market
tapering (reduction of easing)
↓
tightening
and the expectation of rate hikes in 2019 collapsed,
leading to the interpretation that ending easing would not imply hikes (no tightening).
This was interpreted as dovish, and the euro was sold off sharply.
Overall, there was a sense that Draghi would have liked to raise rates during his tenure, and there was that expectation, but
the strong possibility that it might not happen caused the euro, with low interest rates, to be sold, and the dollar with higher rates to be bought.
Italy’s political situation is also a concern, so the euro remains unstable.
A euro-selling strategy might be good.
Today, there are no particularly notable events.
13th’s Range Hunter results
+ ¥23,344
+ $178.98
Profit since June 2017
+ ¥2,911,150
(3 accounts, total 0.07 Lot per position)
Profit since April 2018
+ $3,187.37
(3 accounts, total 0.07 Lot per position)
Well then, please do keep up today.
Details are published daily in the blog with history.
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GoGoJian Everyone’s MT4
Indicator + Range Hunter
History is published!!
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