أشرف العايدي على سي ان بي سي العربية -- 07 نوفمبر2013

Nov 8, 2013 4:09
The gap between the refinancing rate and the deposit rate has been reduced to 0.25%, the lowest level since the euro began trading in January 1999. Interestingly, the gap is three times as low as in 2009, when inflation was negative during the financial crisis, compared to the current 0.7%. The above developments are likely to prevent EURUSD from breaking above the $1.37 even if Draghi did not mention euro strength, but it remains premature to expect a euro decline below $1.30 (which coincides with the 100-week moving average) considering the likelihood of downward GDP revisions in the US and prolonged asset purchases from the Fed. For tradeable ideas in FX, gold and silver, please visit:http://ashraflaidi.com/premium/trades

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