Post Tagged with: "Minimum Bid Rate"
ECB Leaves Rates Unchanged – All Eyes on Draghi as Euro Pressured
The European Central Bank left the benchmark interest rate unchanged at 1.00%. This was widely expected. Update: Follow the live blog of the ECB Press Conference All eyes are now on the press conference by ECB president Mario Draghi. Stay tuned for a live blog of the event, that begins at 13:30 GMT. EUR/USD is
Forex Daily Outlook February 9 2012
Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K. More in the US, Wholesale Inventories,
EUR/USD Outlook February 6-10 2012
Euro/dollar remained steady as the US was in the limelight and the debt crisis was on the back burner. Greece returns to center stage. Will a solution be found? Or is a fall awaiting us?. The main event this week is the rate decision. Here is an outlook for the upcoming events and an updated technical analysis
Forex Weekly Outlook February 6-10
A volatile week left the dollar in a better position, as QE3 and a solution for Greece are both very uncertain. Will the dollar reverse its previous losses now? Rate decisions in the euro-zone, the UK and Australia are the main market movers this week. Here is an outlook on what lies ahead. Last week
ECB Pauses With Rate Cuts As Expected
The European Central Bank left the interest rate unchanged at 1% as expected. EUR/USD remains stable around the 1.2760, still enjoying the previous gains, until Mario Draghi’s press conference, which could send the euro lower. Stay tuned for a live blog of the event. At 13:30 GMT, Mario Draghi will present the decision, updated forecasts
Forex Daily Outlook January 12 2012
US retail sales and Unemployment claims are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K. More in the US, Retail Sales, Key consumer spending gauge, expectds
EUR/USD Outlook January 9-13 2012
Euro/dollar dropped sharply as fears around banks and sovereigns intensified in the euro year. Where will it stop? The highlight of this week is the rate decision by the ECB. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD. Troubles in Unicredit, rumors about issues at Deutsche Bank and the
Forex Weekly Outlook January 9-13
2012 began with another leg down for the euro, amid growing worries. The euro-zone’s rate decision is the highlight of the upcoming week. Here is an outlook for the major market movers. Last week weekly jobless claims dropped to 372K continuing the recovery process in the labor market after 387K claims in the prior week.
ECB Cuts Rates by 0.25% to 1%
The European Central Bank cut its benchmark Minimum Bid Rate by 0.25% to 1%, as expected. The new president of the ECB, Mario Draghi, fully reversed the rate hikes made by his predecessor Jean-Claude Trichet earlier in the year. EUR/USD traded just above 1.3380 before the release, at the lower end of the 1.3360 and
EUR/USD Dec. 8 – All Eyes on Draghi
Euro dollar is trading a big higher in a very limited range. All eyes are on the ECB rate decision. Mario Draghi is widely expected to cut the rates to 1%, but this isn’t 100% certain, and there are quite a few other policy options that could be introduced. This is a very busy day before