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An interest rate decision from the European Central Bank headlines the economic calendar in the hours ahead. Expectations call for no changes in the policy mix, with target rate due to remain at 0.50 percent along with the pledge to keep borrowing costs at the current setting or lower for an “extended period”. That shifts the spotlight to the post-announcement press conference from ECB President Mario Draghi.
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The European Central Bank (ECB) is expected to keep the benchmark interest rate at 0.50% as the monetary union returns to growth, but President Mario Draghi may show a greater willingness further embark on the easing cycle in an effort to encourage a stronger recovery.
What’s Expected:
Time of release: 10/02/2013 11:45 GMT, 7:45 EDT
Primary Pair Impact: EURUSD
Expected: 0.50%
Previous: 0.50%
DailyFX Forecast: 0.50%
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Micro – is an account for those who begin trading. This account is the first step from a demo account to real accounts. Account “Micro” gives opportunity to test strategies, with further growth of deposits. On accounts “Micro” the total trader’s positions in general size from 0,1 lot goes to interbank market.
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Advantages of accentforex
· nitial deposit from $10;
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advantages
GBPUSD
The pair may test its major resistance at 1.61900 as the than pound price will start bearish movement. It is better to sell to the target 1.61270. And stop loss in this case will be 1.62100.
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