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Today's Major Economic Events

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4:20 am
April 16, 2015



posts 5

There was a massive rally in American and European stocks yesterday. This all came following the 

slide in Asian equities. Traders decided to long European shares due to the ECB saying that they are 

fully committed to QE for the Eurozone. This process is likely to lead to the revival of the Eurozone 

economy. There was a vital rally in US shares after days we saw assets in America go lower. It was 

great to see a return of risk appetite, but the reality is that the US economy is growing at a steady 

pace and the data published seems to be fairly positive. The Dow Jones was able to surge ahead 

yesterday, while there were impressive gains for a number of European indexes too. Positive global 

data is needed in the hours ahead in order to give European and American shares the much needed 

boost. Therefore, start opening your positions now!

Source: FMtrader's daily review

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