September 28, 2016 American Federal Reserve head Janet Yellen will speak at 14:00 GMT and European Central Bank Chief Mario Draghi will hold a press conference as early as 30 minutes after.
Most investors expect Janet Yellen to hint at rate hike at the nearest meetings. FRS is unlikely to bring itself to increasing rate before the elections, so the US dollar may drop.
ECB itself has already set large scale quantitative easing; plenty of investors are looking for a chance to buy cheap European currency, which has been traded near historical lows for long.
These expectations imply that September 28, 2016 the EURUSD currency pair may have a good growth potential. The EURUSD pair has been traded around 1.125 at the moment. If expectations are met it may move about 150 points or 1 500 pips with the quoting accuracy of 0.00001.
- To open a 1 lot EURUSD position you require $560: 100 000 (standard contract size) x 1 lot / 200* (leverage) = €500 x 1.12 (current EURUSD price) = $560;
- A 1 lot position may bring $1 500: 0.00001 (quoting accuracy) x 100 000 (standard contract size) x 1 500 (growth potential) = $1 500.
Thus, a 5 lot position may give the profit of $7 500 with $2 800 invested funds, which makes 267.8% a day!
To place an order you are supposed to create a trading account if you have none, download a trading platform and open a position. For more details please contact your personal manager (dial 7-495-785-9669)
*For deposit over $50 000. Margin requirements