Author Archives: Mario Urlic

Fed leaves rates and QE unchanged

Federal Reserve issues FOMC statement The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of

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ECB holds interest rate at 0% and expanded its emergency bond-buying program by €500 billion

The European Central Bank on Thursday kept its key interest rates at historic lows and expanded its stimulus program. The 25-member governing council left its benchmark refinancing rate at 0% and its deposit rate at negative 0.5% — meant to encourage banks to lend money rather than to hold onto it. It also expanded its emergency bond-buying program by €500 billion ($604 billion), bringing it to a

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CUPRUM Coin – The cryptocurrency of the future with $1 billion of underlying asset

CUPRUM Coin is a start-up cryptocurrency project that will have a specific physical asset as a backup, an ultra-high purity nano Copper Powder. It is one of the most expensive elements in the world with end-consumers like the aerospace industry, but it is used mostly as a financial product due to its extreme and stable value. The world’s largest banks

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Would you buy a cryptocurrency that has a covered value with physical asset of 100%?

The market is floated with various cryptocurrencies without any fundamental value, but what if you would be able to buy crypto which has a totally covered value in the ratio of 1:1. For example, 1 Coin : 1 EUR covered value, but the concept will not be a “Stablecoin”. To spike this topic and poll a little bit, in Pre

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The ECB stays with rates at 0.00%, 0.25% and -0.50% respectively

The Governing Council decided to reconfirm its very accommodative monetary policy stance. First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels

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FED stays with rates but it will keep buying at least $120bn of debt per month

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below

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“The Essex boys” made a $660 million trade on April’s Crude Oil crash. Is this the greatest trade in history?

Bloomberg brings a story of the Essex traders lead by Paul Commins who made a $660 million profit in April when the Crude Oil fell bellow zero, to -$40 per barrel. I wrote about that fall here and I doubt there is a trader who wasn’t sow that fall. It was a historical event in the market. Well, there is

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ECB leaves rates unchanged and expands PEPP by 500 billion euros until MArch 2022. Watch LIVE Press Conference here

In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy instruments as follows: First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and -0.50 per cent respectively.

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US Crude Oil Inventories shows mostly positive data for the price since July, but the price is still moving in between $35 and $43 per barrel

While the Crude Oil Inventories is mostly positive for the price since July, market players don’t see any reason for move the price above $43, or they simply can’t do it? That’s how the price is stuck in between $35 and $43 from months, as I wrote recently here. Lower point and strong support is placed at $34,50-$36,00, while the

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FED; FOMC leaves rates and bond buying unchanged

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below

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BoE; Bank Rate held at 0.1% and asset purchases increased by £150bn

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.  In that context, its challenge at present is to respond to the economic and financial impact of the Covid pandemic.  At its meeting ending on 4 November 2020, the MPC voted unanimously

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When to close a loosing trade!?

There are several warning quotes for this theme, coming from the best traders around the world; “If you can’t take a small loss, sooner or latter you will take the mother of all losses” ED SEYKOTA “The elements of good trading are; cutting losses, cutting losses and cutting losses” ED SEYKOTA “Cutting a losing trade quickly clears your head and

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ECB; The rates stays on hold

In the current environment of risks clearly tilted to the downside, the Governing Council will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate. The new round of Eurosystem staff macroeconomic projections in December will allow a thorough reassessment of the economic outlook and the balance

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