The European Central Bank (ECB) has raised its main interest rate for the 10th consecutive time as it prioritizes the battle against inflation over a weakening economy. The rate has now climbed from -0.5% in June 2022 to a record 4.5%. The decision was influenced by revised macroeconomic...
The euro remains under pressure against the US dollar and other currency pairs following the release of Eurozone inflation data. The latest Eurozone CPI report showed that the annual inflation rate was unchanged at 5.3% YoY in August. The inflation rate was expected to fall to 5.1%. On the other...
The European Central Bank (ECB) raised its benchmark deposit rate by a quarter-percentage point to 3.75 percent, reaching a record high last seen in 2001 when the euro was launched. This move was widely expected and marked the ninth consecutive rate hike by the ECB. However, the central bank...
EURUSD rebounded back to above 1.1130 ahead of the ECB meeting outcome. The Federal Open Market Committee (FOMC) announced a 25bps increase to the Fed funds rate and Fed chair Powell sounded more towards the dovish side. Now the markets wait for the European Central Bank’s (ECB) monetary policy...
As expected, euro buyers' optimism faded immediately after the ECB press conference began, returning EURUSD to a repeat of 1.0600. Shortly after the initial surge in reports of an actual reversal in ECB policy, investors and traders delved into assessments of how slower the policy reversal in...
The European Central Bank has kept its key rate unchanged and officially announced that it will stop buying as part of its asset purchase programme from July 1. In an accompanying commentary, the ECB explicitly indicated that it intends to raise the rate by 25 points at its next meeting...
I just read an interesting article from another site where it said "I personally don's see Syriza as a Grexit threat. They have some valid points to take into consideration and the ECB covered itself pretty good with the QE terms and conditions. I think it will be pretty interesting to watch...
Today, Thursday 25 July, we get the UK GDP Quarterly and the yearly numbers. It is expected the GDP grew in the last quarter at 0.6% up from the previous estimate of 0.3%. For the yearly comparison, the estimate is up 1.4%, an improvement from the previous increase of 0.3%.
If these...
There are two other reasons why I doubt the Fed can see the light at the end of the tunnel that illuminates a recovery.
Of primary importance is the rapidly escalating cost of energy. While the Fed's monetary expansion aids the investment bankers who then allocate monies to various asset...
ECB President Mario Draghi took his team of traveling bankers to Ljubljana, Slovenia, population about 272K, and about 801km. away from Frankfurt. Despite the new venue, it does not appear the bankers have any different policies that will address the various needs and wishes of all parties...
ECB President Draghi revealed his bond-buying plan, named 'Monetary Outright Transactions', similar to the plans leaked to the press Wednesday. While the market did rally Wednesday on the rumour, the EURUSD (FXE) has sold off from the high Thursday.
There is probably more than one reason for...
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."
There is no way to know if these...
Ever wonder if you could get hold of mission critical news in real time just as the pro forex traders?
A professional trader will use Bloomberg or Reuters terminal for his real time news, data and information but both cost upwards of $2000 / month /user depending on which part of the world...
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