info@learn-to-trade.com
Call us: 416-510-5560

Learn-To-Trade.com Inc. Warns Euro Remains Low Amid Softening Economic Outlook

Learn-To-Trade.com Inc. (www.Learn-To-Trade.com), Toronto’s leading provider of professional stock market trading courses designed to create successful traders on the financial market, is weighing in on the euro losing value and its impact on currency traders. “The European Central Bank slashed all its main interest rates and announced a new stimulus plan,” says George Karpouzis, co-founder and director of education at Learn-To-Trade.com Inc. “Immediately after the rate cut was announced, the euro fell 1.6% against the U.S. dollar to $1.29, a 14-month low. At the same time, the rate cut helped boost European stock and bond prices.” (Source: Blackstone, B., “ECB Cuts Rates, Announces Stimulus to Combat Low Inflation,” The Wall Street Journal, September 4, 2014; https://online.wsj.com/articles/ecb-cuts-interest-rates-in-surprise-move-1409832304.) Karpouzis explains that the European Central Bank (ECB) cut its main interest rates in an effort to help kick-start the eurozone’s lagging economy. Italy, the region’s third-largest economy, is in recession; France, the second-largest economy, is on the brink of a recession; and Germany’s recovery is showing signs of weakness. Most recently, the Organisation for Economic Co-Operation and Development (OECD) cut its outlook for the eurozone’s gross domestic product (GDP) growth, revising it to an anaemic 0.8% in 2014 and 1.1% for 2015. According to the OECD, growth remains weak in the euro area and runs the risk of prolonged stagnation if further steps are not taken to shore up the economy and boost demand. (Source: Thomas, L., “OECD slashes growth forecasts, urges aggressive ECB action,” The Financial Post, September 15, 2014; https://business.financialpost.com/2014/09/15/oecd-slashes-growth-forecasts-urges-aggressive-ecb-action/.) Since May, the euro has given up serious ground, says Karpouzis. The Euro Index, which compares the euro to a basket of five currencies, is down 7.06% since reaching a high in early May and is down 1.6% since the ECB announced its interest rate cut on September 4. The U.S. dollar, on the other hand, is experiencing a renaissance, up 6.3% since the first week of May and up 1.6% since the ECB announced its new stimulus program. “In the currency market, there are no bear or bull markets; investors speculate on the volatility of one currency against another,” Karpouzis concludes. “At this point, it doesn’t look like the euro will perform very well in 2015, especially in light of the economic outlook for the region’s top three economies. This divergence and ongoing market volatility creates an interesting investing opportunity for forex traders.” Learn-To-Trade.com Inc. is the leading provider of stock market training courses in the Greater Toronto Area. Led by licensed, industry professionals, its extensive courses provide its Members with the necessary tools to trade financial products in today’s complex and fast-paced markets. Stock trading training courses with Learn-To-Trade.com Inc. teach investors both basic and advanced stock market investing principles, including how to read and understand stock prices and quotes, fundamental analysis and technical analysis, and various trading strategies. Through its Lifetime Membership, Learn-To-Trade.com Inc. also provides extensive training and knowledge in stock option trading, stock index trading, futures trading, futures option trading, forex trading, risk management, and capital preservation. Members utilize real-time, simulated trading platforms to paper trade until they gain the confidence to make independent market decisions and produce consistently profitable results. As the leading and oldest financial educator in Canada, Learn-To-Trade.com Inc.’s instructors are also educators for the Toronto Montreal Exchange, through which its instructors host educational sessions for the major banks across Canada. To learn more about Learn-To-Trade.com Inc., visit the web site at www.Learn-To-Trade.com. Contact the company by phone at 416-510-5560 or by e-mail at info@learn-to-trade.com.
George Karpouzis

George Karpouzis is the co-founder of Learn-to-Trade and has been personally providing education and mentoring to over 3000 members since 1999. George has been trading in the stocks, options, futures and forex markets using technical analysis since 1986. With the help of advancements in trading technology the Learn To Trade program is now accessible worldwide. His background and passion for teaching brings an invaluable asset to our members. George is constantly striving to improve the program content and develop new strategic relationships for the benefit of the members.

Recent Posts

  • Blog

Odds of Big Interest Cut Increases as September Inflation Falls to 1.6%

The odds of the Bank of Canada making an oversized, 50-basis-point interest rate cut when…

8 months ago
  • Blog

Are Falling Interest Rates Good for the Canadian Dollar?

The Canadian dollar has not exactly been having a good year against its American counterpart.…

8 months ago
  • Blog

Energy Stocks Back in the Spotlight as Tensions in the Middle East Escalate

Earlier this year Energy was one of the better-performing sectors, rising 17% from January to…

8 months ago
  • Blog

S&P 500, Dow, and TSX Surge to Record Highs After Fed’s Big Interest Rate Cut

The U.S. Federal Reserve made a big splash, announcing an oversized interest rate cut; a…

9 months ago
  • Blog

Stock Market Rebounds, But Smaller U.S. Rate Cut Expected

September is living up to its reputation as being one of the worst months for…

9 months ago
  • Blog

Bank of Canada Announces Third Straight Interest Rate Cut

The Bank of Canada cut its overnight lending rate, which impacts interest rates charged for…

9 months ago