Italian banks rush to profit from ECB negative rates

Banks in Italy and other peripheral euro zone countries are grabbing tens of billions of euros in idle cash from their rivals in Germany and the Netherlands to benefit from a European Central Bank bonus rate, ECB data showed on Tuesday. GOOD SENTIMENTS HAVE STARTED – READ MORE

TECHNICAL CHART FOR EURUSD

KEY TAKEAWAYS

  • EUR is at tipping point and may just start to go upwards
  • Many good sentiments have started and banks are enjoying the cheap interest rate
  • US is not going to keep quiet with cheap EURO for too long
  • We use short stop losses and high profit margins

Always do remember and ensure that you have good money management at all times; if you intending and wanting to become currency trader – call email to: info@finwaze.com.

Article by: Ashok – Financial Coach

 

1 Comment
  1. Janelle 9 months ago

    This is high impact news since GDP is one of our major currency out of 6.6 trillion amount of forex being traded. Thank you for the insight Finwaze 🙂

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