Quarterly Results Trading: Profiting from Earnings-Driven MarketUnderstanding Quarterly Results
Quarterly results are financial statements published every three months, usually including the profit and loss statement, balance sheet highlights, cash flow summary, and key operational metrics. Markets closely track parameters such as net profit growth, revenue growth, EBITDA margins, earnings per share (EPS), and guidance for future quarters. What matters most is not just whether the company performs well, but whether the performance beats, meets, or falls short of market expectations. Stocks often react more to expectations versus actual numbers.
Why Quarterly Results Move Stock Prices
Stock prices are forward-looking. Before results, analysts and traders form expectations based on industry trends, macroeconomic factors, previous performance, and management guidance. When actual results are announced, the market quickly reassesses the company’s valuation. A strong earnings surprise can lead to sharp rallies, while a negative surprise can trigger steep sell-offs. Even good results can sometimes lead to a fall if expectations were excessively high. This mismatch between expectations and reality is the core driver of quarterly results trading.
Pre-Results Trading Strategies
Many traders position themselves before the earnings announcement. This approach is based on anticipation rather than confirmation. Traders analyze past earnings behavior, technical chart patterns, sector performance, and news flow. If a stock has historically rallied before results, traders may buy in advance and exit just before the announcement. Others trade the “results run-up,” where optimism builds ahead of earnings. However, pre-results trading carries higher risk because the actual numbers can surprise the market in either direction.
Post-Results Trading Strategies
Post-results trading focuses on confirmation. Traders wait for the results to be declared and then trade based on the market’s reaction. This approach reduces uncertainty related to earnings numbers but requires quick decision-making. If a stock breaks above a key resistance level after strong results, momentum traders may enter long positions. Similarly, breakdowns below support levels after weak results can offer short-selling opportunities. Post-results strategies often rely heavily on price action, volume analysis, and intraday momentum.
Role of Expectations and Market Sentiment
Quarterly results trading is as much about psychology as it is about numbers. Market sentiment plays a major role in determining price movement. During bullish phases, even average results can be rewarded, while in bearish markets, strong results may be ignored. Traders must assess overall market mood, sector trends, and broader indices before taking positions. A positive earnings report during a weak market environment may still result in limited upside.
Technical Analysis in Quarterly Results Trading
Technical analysis is widely used in quarterly results trading to identify entry and exit points. Key levels such as support, resistance, trendlines, moving averages, and volume zones become critical around earnings announcements. High volumes during results indicate strong institutional participation and often confirm the direction of the move. Candlestick patterns formed on result days, such as gap-ups, gap-downs, or long-bodied candles, provide valuable clues about market conviction.
Fundamental Analysis and Earnings Quality
Not all earnings are equal. Smart traders go beyond headline numbers and examine earnings quality. Factors such as one-time income, cost cuts, debt reduction, and cash flow sustainability are crucial. A company may report higher profits due to extraordinary gains, which the market may discount. Consistent revenue growth, improving margins, and strong operating cash flows are viewed more favorably. Management commentary and future guidance often influence medium-term price direction more than the current quarter’s numbers.
Volatility and Risk Management
Quarterly results periods are characterized by high volatility. Sudden gaps at market open can result in significant gains or losses. Risk management is therefore critical. Traders often reduce position sizes, use strict stop losses, or avoid holding large positions overnight during earnings announcements. Options traders may use strategies such as straddles or strangles to benefit from volatility rather than direction. Proper risk-reward assessment is essential to survive earnings-related trading.
Long-Term Investors vs Short-Term Traders
Quarterly results trading is more suited to short-term traders, but long-term investors also closely monitor results. Traders focus on immediate price reactions, while investors look for confirmation of long-term growth trends. For investors, quarterly results help validate their investment thesis, identify business improvement, or signal deterioration. Traders, on the other hand, are less concerned with long-term fundamentals and more focused on short-term price momentum.
Common Mistakes in Quarterly Results Trading
One common mistake is trading purely on emotions or news headlines without analyzing expectations. Another is over-leveraging positions due to excitement around results. Chasing stocks after a sharp move without confirmation often leads to losses. Ignoring broader market conditions and sector performance can also result in poor trades. Successful quarterly results trading requires discipline, preparation, and the ability to accept losses when the market moves unexpectedly.
Importance of Consistency and Learning
Quarterly results trading is not about winning every trade. It is about consistency over multiple earnings seasons. Keeping a trading journal, reviewing past trades, and learning from mistakes help traders refine their strategies. Over time, traders develop an understanding of how different stocks behave around results and which sectors offer better risk-reward opportunities.
Conclusion
Quarterly results trading offers exciting opportunities due to increased volatility and sharp price movements. However, it also carries significant risk if approached without preparation and discipline. By understanding expectations, combining technical and fundamental analysis, managing risk effectively, and respecting market sentiment, traders can improve their chances of success. Whether used as a standalone strategy or as part of a broader trading approach, quarterly results trading remains a powerful tool for navigating earnings-driven market movements.
Tradingindicator
Part 2 Support and Resistance 1. Direction
Bullish – Expecting price to rise
Bearish – Expecting price to fall
Neutral/Sideways – Expecting price to stay within a range
2. Volatility
Implied Volatility (IV) – Market’s expectation of future volatility
Historical Volatility (HV) – Actual past volatility
Understanding IV is critical because it defines option pricing:
High IV: Options expensive → better for selling
Low IV: Options cheap → better for buying
3. Time Decay (Theta)
Time decay benefits option sellers
Time decay hurts option buyers
Your strategies should align with whether you want theta as a friend (selling) or foe (buying).
4. Probability and Payoff
Modern options trading is probability-driven. Traders consider:
Break-even points
Maximum risk & reward
Greeks impact (mainly Delta, Theta, Vega)
Part 4 Learn Institutional Trading Advantages of Options
1. Limited Risk for Buyers
Risk is capped at premium paid.
2. Leverage
You control large positions with small capital.
3. Flexibility
Trade direction, volatility, or time.
4. Income Generation
Option sellers earn steady premium income.
5. Hedging Capability
Protect long-term investments through puts.
A Complete Guide to High-Speed Intraday TradingScalping Bank Nifty is one of the most popular intraday trading approaches in the Indian stock market. Bank Nifty, being a highly volatile index comprising major banking stocks, offers frequent price movements that attract short-term traders. Scalping focuses on capturing small but consistent profits by entering and exiting trades within minutes, sometimes even seconds. This strategy demands discipline, speed, and a deep understanding of market behavior.
Understanding Bank Nifty Scalping
Bank Nifty scalping is a form of intraday trading where traders aim to profit from small price fluctuations during market hours. Unlike positional or swing trading, scalping does not rely on large trends. Instead, it capitalizes on momentum bursts, liquidity zones, and short-term imbalances between buyers and sellers. Because Bank Nifty has high volume and tight bid-ask spreads, it is well-suited for this approach.
Scalpers usually trade Bank Nifty futures or options, especially weekly options, due to their liquidity and fast price movements. The goal is not to catch the entire move but to take a small portion repeatedly throughout the day.
Why Bank Nifty Is Ideal for Scalping
Bank Nifty stands out for scalping due to its volatility and responsiveness to market news, interest rate expectations, and global cues. Banking stocks react quickly to changes in bond yields, RBI announcements, and global financial trends. This creates sharp intraday moves, which are ideal for scalpers.
Another reason is liquidity. High liquidity ensures smooth order execution with minimal slippage, which is crucial when trades last only a few minutes. Scalping depends heavily on precision, and Bank Nifty provides that environment better than many other indices.
Time Frames Used in Bank Nifty Scalping
Scalpers typically use very small time frames such as 1-minute, 3-minute, or 5-minute charts. These charts help identify quick entry and exit points. Higher time frames like 15-minute or 30-minute charts are often used only to understand the broader intraday trend or key support and resistance levels.
The opening hour of the market (9:15 AM to 10:30 AM) is especially important for Bank Nifty scalping, as volatility and volume are usually highest during this period. The last hour of trading can also offer good scalping opportunities.
Key Indicators for Bank Nifty Scalping
Scalping relies on a limited number of fast-reacting indicators rather than complex setups. Commonly used indicators include moving averages such as 9 EMA and 20 EMA, which help identify short-term trend direction. When price stays above these averages, scalpers look for buy setups; when below, sell setups are preferred.
Other popular tools include VWAP (Volume Weighted Average Price), which acts as an intraday equilibrium level. Price behavior around VWAP often provides high-probability scalping trades. Oscillators like RSI or Stochastic are also used to spot short-term overbought or oversold conditions, but they must be interpreted carefully in fast markets.
Support and Resistance in Scalping
Support and resistance levels play a critical role in Bank Nifty scalping. These levels can be derived from previous day high and low, opening range, pivot points, or round numbers. Scalpers look for quick reversals or breakouts at these zones.
For example, if Bank Nifty approaches a strong resistance level with weakening momentum, a short scalp may be planned with a tight stop-loss. Conversely, a clean breakout with volume can offer a momentum scalp in the direction of the breakout.
Role of Price Action
Price action is the backbone of successful scalping. Candlestick patterns such as inside bars, pin bars, and strong momentum candles help scalpers read market intent. Instead of predicting, scalpers react to what price is doing in real time.
In Bank Nifty, fake breakouts and sudden spikes are common. Reading price action helps traders avoid traps and align with institutional moves. Scalping is less about being right and more about managing risk while following price behavior.
Risk Management in Bank Nifty Scalping
Risk management is the most important aspect of scalping. Since scalpers take multiple trades in a single session, even small losses can accumulate quickly if not controlled. A strict stop-loss is non-negotiable. Most scalpers risk a very small portion of their capital on each trade.
Risk-reward ratios in scalping are usually modest, such as 1:1 or 1:1.5, but consistency matters more than large wins. Overtrading, revenge trading, and increasing position size after losses are common mistakes that must be avoided.
Psychology and Discipline
Scalping Bank Nifty is mentally demanding. Traders must make quick decisions and accept frequent small losses as part of the process. Emotional control is essential, as hesitation or fear can lead to missed entries or poor exits.
Discipline in following a predefined trading plan separates successful scalpers from unsuccessful ones. Patience is required to wait for high-probability setups, even though opportunities appear frequently. Scalping is not about trading all the time, but about trading the right moments.
Common Mistakes to Avoid
One common mistake is trading without a clear setup. Because Bank Nifty moves fast, beginners often enter trades impulsively. Another mistake is ignoring market conditions. On low-volatility or range-bound days, scalping becomes more challenging and requires adjusted expectations.
Using excessive leverage is also risky. While leverage can amplify profits, it can magnify losses even faster. Successful scalpers focus on longevity and capital protection rather than chasing quick money.
Conclusion
Scalping Bank Nifty is a powerful intraday trading strategy for those who understand market structure, price action, and risk management. It offers frequent opportunities but demands high discipline, focus, and emotional control. With the right mindset, proper tools, and consistent practice, traders can develop a structured approach to Bank Nifty scalping.
However, scalping is not suitable for everyone. It requires screen time, quick execution, and the ability to handle pressure. For traders willing to invest time in learning and refining their skills, Bank Nifty scalping can become a consistent and rewarding trading style in the Indian stock market.
Momentum Trading SecretsHow Traders Capture Powerful Market Moves
Momentum trading is one of the most popular and effective trading styles in financial markets. It is based on a simple but powerful idea: stocks, indices, or other assets that are moving strongly in one direction tend to continue moving in that direction for some time. Momentum traders do not try to predict bottoms or tops; instead, they ride the strength of an existing trend and exit when momentum weakens. Below is a detailed explanation of momentum trading secrets, strategies, and mindset, explained in depth.
1. Understanding the Core Concept of Momentum Trading
Momentum trading focuses on price strength, not valuation. Unlike value investors who look for underpriced stocks, momentum traders look for assets that are already performing well. The logic behind this approach is rooted in market psychology. When prices rise, more traders notice the move, news coverage increases, and buying pressure intensifies, creating a self-reinforcing cycle.
Momentum can exist in:
Stocks
Indices (like Nifty or Bank Nifty)
Commodities
Currencies
Cryptocurrencies
The key secret is recognizing that price action reflects collective market belief, and momentum traders align themselves with that belief rather than fighting it.
2. Identifying High-Momentum Stocks and Assets
One of the biggest secrets of successful momentum trading is stock selection. Not all assets move with strong momentum. Traders often scan the market for:
Stocks making new 52-week highs
Assets breaking above key resistance levels
Strong volume expansion alongside price movement
Sectors showing relative strength compared to the broader market
Momentum traders often focus on sector leadership. For example, if banking or IT stocks are outperforming the market, chances are that the strongest momentum trades will be found within those sectors.
3. Role of Volume: The Fuel Behind Momentum
Price alone is not enough. Volume is the fuel that confirms momentum. A price breakout with low volume may fail, while a breakout with high volume often signals strong institutional participation.
Key volume-based insights include:
Rising prices + rising volume = healthy momentum
Rising prices + falling volume = weakening momentum
Sudden volume spikes often indicate the start of a new momentum phase
Experienced momentum traders always check volume before entering a trade. This is one of the most overlooked but powerful secrets.
4. Technical Indicators That Reveal Momentum
Momentum trading heavily relies on technical analysis. Some of the most commonly used indicators include:
Relative Strength Index (RSI): Helps identify strong momentum when RSI stays above 60–70 during an uptrend.
Moving Averages: Price staying above short-term and medium-term moving averages indicates strength.
MACD: Confirms momentum shifts and trend continuation.
Rate of Change (ROC): Measures how fast price is moving.
The real secret is not using too many indicators but understanding how price behaves around them. Indicators should support price action, not replace it.
5. Entry Timing: Buying Strength, Not Weakness
A common mistake beginners make is trying to buy at the lowest price. Momentum traders do the opposite: they buy strength. Typical momentum entries occur:
On breakouts above resistance
After short consolidations in an uptrend
On pullbacks to moving averages within a strong trend
Patience is critical. Momentum traders wait for confirmation rather than guessing. Entering too early often leads to false breakouts and losses.
6. Risk Management: Protecting Capital Is the Real Secret
Momentum trading can generate large profits, but it also comes with sharp reversals. This is why risk management is the biggest secret behind long-term success.
Key principles include:
Always using stop-loss orders
Risking only a small percentage of capital per trade
Exiting quickly when momentum fails
Never averaging down on losing momentum trades
Successful traders understand that small losses are part of the game, but big losses are unacceptable.
7. Riding Winners and Letting Profits Run
Momentum traders differ from short-term scalpers because they allow winners to grow. Once momentum is established, the goal is to stay in the trade as long as the trend remains intact.
This often involves:
Trailing stop-losses
Partial profit booking
Holding positions until momentum indicators weaken
One of the biggest secrets is emotional discipline. Many traders exit winning trades too early due to fear, while momentum traders trust their system and let the market reward them.
8. Market Psychology and Crowd Behavior
Momentum trading works because markets are driven by human emotions like fear and greed. When prices rise, fear of missing out (FOMO) pushes more participants to buy. When prices fall, panic accelerates selling.
Understanding crowd psychology helps traders:
Avoid chasing extended moves blindly
Recognize exhaustion points
Stay calm during pullbacks
Momentum traders do not react emotionally; they react systematically.
9. Adapting Momentum Strategies to Market Conditions
Momentum does not work equally well in all market phases. Strong trending markets favor momentum strategies, while sideways or choppy markets reduce their effectiveness.
Smart momentum traders:
Reduce position size during volatile periods
Avoid overtrading in range-bound markets
Focus on fewer, high-quality setups
Adaptability is a hidden secret that separates consistent traders from inconsistent ones.
10. Discipline and Consistency: The Ultimate Momentum Secret
The final and most important secret is discipline. Momentum trading success does not come from one big trade but from repeating the same process over and over.
This includes:
Following predefined rules
Maintaining a trading journal
Reviewing mistakes regularly
Staying patient and focused
Momentum trading rewards those who are consistent, emotionally stable, and process-driven.
Conclusion
Momentum trading is not about predicting the future; it is about aligning with the present strength of the market. By focusing on strong price moves, confirming them with volume, managing risk carefully, and maintaining emotional discipline, traders can unlock the true potential of momentum strategies. The real secrets are not hidden indicators or complex systems, but clarity, patience, and discipline. When applied correctly, momentum trading can become a powerful tool for consistent growth in any market environment.
Small-Cap Trading PotentialsUnlocking High-Growth Opportunities with Calculated Risk
Small-cap trading refers to investing or trading in companies with relatively smaller market capitalization compared to large-cap and mid-cap stocks. In the Indian equity market, small-cap companies typically have a market capitalization below the top 250 listed companies. These stocks often operate in niche segments, emerging industries, or early growth phases, making them attractive for traders and investors seeking higher returns. However, small-cap trading is not just about chasing quick profits—it requires discipline, research, and a clear understanding of risk.
Why Small-Cap Stocks Offer High Potential
The primary appeal of small-cap stocks lies in their growth potential. Unlike large-cap companies that are already well-established and grow steadily, small-cap firms are still expanding their business models, market reach, and revenue streams. Even a moderate improvement in earnings, market share, or management efficiency can lead to sharp price appreciation. This asymmetric return potential—where upside can be significant compared to invested capital—is what attracts traders to small caps.
Small-cap stocks also benefit from lower institutional coverage. Many of these companies are under-researched, which creates pricing inefficiencies. Skilled traders who can identify strong fundamentals early may enter before institutional investors, mutual funds, or foreign investors step in. Once big money flows into a fundamentally strong small-cap stock, price movement can be fast and substantial.
Volatility: A Double-Edged Sword
Volatility is a defining characteristic of small-cap trading. Due to lower liquidity and fewer market participants, small-cap stocks tend to move sharply in both directions. News events, quarterly results, management commentary, or even rumors can cause significant price swings. For traders, this volatility creates opportunity, but it also increases risk.
Sharp corrections are common in small-cap stocks, especially during market-wide risk-off phases. When broader indices fall or global uncertainty rises, small caps are usually the first to face heavy selling. Therefore, traders must respect stop-losses and position sizing. Volatility rewards preparation but punishes emotional decision-making.
Liquidity and Volume Considerations
Liquidity is a critical factor in small-cap trading. Unlike large-cap stocks, where thousands of shares can be traded instantly, small caps may have limited daily volumes. This can result in higher bid-ask spreads and slippage during entry and exit. Traders should always analyze average daily volume before entering a position.
Stocks with improving volume trends are particularly attractive. Rising volume often signals growing interest and accumulation. A price breakout supported by strong volume is generally more reliable than a low-volume move. Liquidity management ensures that profits remain real and executable, not just theoretical.
Fundamental Triggers That Drive Small-Cap Rallies
Small-cap stocks often rally due to specific triggers rather than broad market trends. Earnings growth, debt reduction, capacity expansion, new product launches, regulatory approvals, government contracts, or sectoral tailwinds can act as powerful catalysts. Because the base size of these companies is small, even limited positive developments can significantly impact valuations.
Management quality also plays a crucial role. Transparent communication, ethical governance, and consistent execution build long-term confidence. Traders who track promoter holding patterns, pledging status, and insider activity gain valuable insights into the company’s future direction.
Technical Analysis in Small-Cap Trading
Technical analysis is especially effective in small-cap trading due to strong momentum phases. Breakouts from long consolidation ranges, trendline breakouts, moving average crossovers, and volume expansion are common setups. Many small-cap stocks move in clear impulsive waves, making them suitable for swing and positional trading.
However, false breakouts are also frequent. To avoid traps, traders should wait for confirmation—such as a strong close above resistance or follow-through buying in subsequent sessions. Combining technical patterns with fundamental strength improves the probability of success.
Risk Management: The Core of Sustainable Profits
The biggest mistake traders make in small-cap stocks is overexposure. Because prices are lower, traders often buy larger quantities, underestimating risk. Position sizing should always be based on risk per trade, not on price comfort. A strict stop-loss policy is non-negotiable.
Diversification within small caps is also important. Concentrating capital in one or two stocks increases downside risk. Allocating capital across multiple setups reduces the impact of any single failure. Successful small-cap trading is less about predicting every winner and more about controlling losses when trades go wrong.
Market Cycles and Small-Cap Performance
Small-cap stocks perform best during bullish and risk-on market phases. When liquidity is abundant and investor confidence is high, money flows from large caps to mid and small caps in search of higher returns. This phase often leads to broad-based rallies across the small-cap universe.
During bearish or sideways markets, small caps tend to underperform. In such conditions, only fundamentally strong companies with earnings visibility sustain momentum. Understanding market cycles helps traders decide when to be aggressive and when to be defensive in small-cap trading.
Psychology and Discipline in Small-Cap Trading
Emotional control is essential. Rapid price movements can trigger greed during rallies and fear during corrections. Traders must avoid chasing stocks after extended runs and resist panic selling during temporary pullbacks. A predefined trading plan—covering entry, exit, and risk—keeps emotions in check.
Patience is another key psychological trait. Not every day offers a high-quality small-cap opportunity. Waiting for clear setups and strong confirmations separates professional traders from impulsive participants.
Conclusion: Balancing Opportunity and Risk
Small-cap trading offers immense potential for wealth creation, but it is not suitable for careless or uninformed participants. The combination of high growth potential, volatility, and limited liquidity demands a structured approach. Traders who combine solid fundamental analysis, disciplined technical execution, strict risk management, and emotional control can consistently benefit from small-cap opportunities.
In essence, small-cap trading is about identifying quality early, managing risk intelligently, and allowing growth stories to unfold. When approached with patience and discipline, small-cap stocks can become one of the most rewarding segments of the equity market.
Ingersoll Rand: When the Bullish Wedge Fails (Bearish Breakdown)The Setup Traders often look at Falling Wedges and blindly assume a bullish reversal is coming. Ingersoll Rand (NSE: INGERRAND) has just provided a textbook example of why "Assumption" is dangerous in trading.
Instead of breaking out to the upside, the price has sliced through the Lower Support Trendline on the Daily timeframe.
Technical Breakdown (The "Trap"):
Pattern Failure: The stock was forming a Falling Wedge (usually bullish). The market expected a bounce from the lower support.
The Invalidating Move: The recent heavy-volume candle breaking below the wedge support changes the structure entirely.
Psychology of the Short: Bulls who accumulated at the support line are now trapped. As their Stop Losses get hit, it creates a cascade of selling pressure (Long Liquidation).
Trade Management (Bearish):
Signal: The daily close below the wedge support (Current levels: ~3,438).
Conservative Entry: Wait for a "Retest" of the broken trendline from below (proving old support has become new resistance).
Trend Invalidation: A daily close back inside the wedge (above ~3,550). If it re-enters, the breakdown was a "Bear Trap."
Potential Target: Since this is a continuation of the downtrend, we look at the next major structural support zones (Psychological levels like 3,200 or 3,000).
Risological Note: We trade what we see, not what the textbook says should happen. A failed bullish pattern is often a stronger bearish signal than a standard downtrend.
Gain 10% in IOC after this video - MULTI TIME FRAME analysisWhat I see in IOC Would love to share my views with you all :
_ I see that the price was getting rejected from the same trendline on weekly basis for quite a while now
and recently broken with 4 bullish green candles on W charts
_ I see that the zone of 102 to 106 is a strong supply-demand conversion zone, which means it can sometimes work as
demand and sometimes supply zones
_ For now it has broken that supply zone and gone up by 17%, now it is retracing its move, for that we have fibo
tool to understand where it is in terms of retracement
_ I see that the price resides on 0.3 fib retracements and also on supply-demand conversion zone of 105 levels
which will act as demand/support for the price
_ I also see that in 1hr time frame it is making a good trendline which needs a breakout
_ A breakout as depicted in the video if given then it might boom for 113 levels and 117 levels
Trade levels :
Breakout of small trendline needed above the 107 marks ( on 1hr TF )
SL should be self kept as its a self-owned thing ( I might keep it below the swing )
Targets should be set at least larger than the SL and logical too ( 113 is good resistance and 117 is near term high )
___ Have a nice trading-day :) ___
Axis Bank’s results show rising systemic risks: S&P Axis Bank's results for the year ended March 31, underscore high levels of stress and uncertainty across the Indian banking system,” the rating agency said while adding that credit cost of the bank in Q4 was higher than anticipated.
The private sector lender last month reported a standalone net loss of Rs 1,387.78 crore for Q4FY20 as provisioning for bad loans and contingencies soared.
Axis Bank had reported a net profit of Rs 1,505.06 crore in the same quarter of the previous financial year.
Income during the latest quarter stood at Rs 20,219.57 crore. It was Rs 18,324.31 crore in the year-ago period, Axis Bank said in a regulatory filing.
Provisions for bad loans and contingencies in the fourth quarter of the last fiscal were at Rs 7,730.02 crore. In the year-ago quarter, provisions stood at Rs 2,711.43 crore.
EUR/USD: Euro - Dollar RateThe outlook for EUR/USD has improved after a more upbeat week for the currency that pointed to further modest near-term gains. Shortly after some desperately poor GDP data for the first quarter of this year due to the coronavirus pandemic, and the likelihood that the second quarter will be even worse, the European Central Bank again indicated that it is prepared to do almost anything to ameliorate the economic impact of Covid-19.
That should help offset continued bickering and a notable lack of action by Eurozone governments. The Eurogroup of national finance ministers holds yet another video conference this week, and was urged once more by the ECB to help out, but seems unlikely to do so. Still, expectations are so low that another failure to agree is unlikely to send the Euro lower after its advance this past week.









