The Euro Weighs on the Trend – Keeping Position to Maximize Profit

European equity markets are falling early in the session as the euro continues to rise to more than $ 1.20 in the aftermath of the European Central Bank meeting. Mario Draghi vaguely mentioned a slowdown in asset purchases, which was enough to boost the growth of the single currency.

In addition, European stock markets are picking up on their momentum at the start of the yesterday session, investors are still rather confident as the US Congress and the White House have reached an agreement to raise the US federal debt ceiling for three months. This makes continuation of positive sentiment to Eurozone.

China, book and boreholes

At the economic level, China’s foreign trade figures for August were mixed. Imports jumped 13.3% but exports slowed significantly with 5.5% growth. The pound sterling rose slightly as manufacturing output grew 0.5% in July in the UK, better than expected. On the other side of the Atlantic, investors will pay close attention to the monthly report on employment in Canada (2.30 pm), a speech by a member of the US Federal Reserve (2:45 pm), inventories of wholesalers in the United States (4 pm) and the weekly evolution of the number of oil drilling in North America (19h).

Reference rates down

In the bond markets, benchmark rates continue to decline. The yield on the 10-year Bund returned 0.3% for the first time since June. In the United States, the 10-year Treasury yields only 2.02%, the lowest since the election victory of Donald Trump last November.

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