Market Review 05-06

Market Review 05-06

ECB – Monetary Policy Statement and right after that a Press Conference

ACCORDING TO BLOOMBERG:

ECB to Tweak Rate Guidance for Later Hike, Oxford Economics Says

The European Central Bank will probably say that the first possible interest-rate hike will come later than previously indicated when officials announce policy this week, according to Oxford Economics

https://www.bloomberg.com/news/articles/2019-06-03/ecb-to-tweak-rate-guidance-for-later-hike-oxford-economics-says

WHEN ITS GOING TO HAPPEN: THIS THURSDAY

14:45- EUR- Monetary Policy Statement

15:30- EUR- ECB Press Conference

https://www.forexfactory.com/calendar.php?day=jun6.2019#closed

According to TRADING CENTRAL:

The EUR currency might become weaker during this big event.

EURUSD may fall as long its below 1.1330 and could even reach to 1.0950

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10239731

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.0950
1
€ 3,333.33
€ 6,666.67
€ 2,670.00
5
€ 16,666.67
€ 33,333.33
€ 13,350.00
10
€ 33,333.33
€ 66,666.67
€ 26,700.00
25
€ 83,333.33
€ 166,666.67
€ 66,750.00
50
€ 166,666.67
€ 333,333.33
€ 133,500.00

EURJPY may fall as long its below 123.25 and could even reach to 117.55

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 117.55
1
€ 3,333.33
€ 6,666.67
€ 3,337.40
5
€ 16,666.67
€ 33,333.33
€ 16,687.00
10
€ 33,333.33
€ 66,666.67
€ 33,374.00
25
€ 83,333.33
€ 166,666.67
€ 83,435.00
50
€ 166,666.67
€ 333,333.33
€ 166,870.00

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