Category Archives: Important events and economic news

ECB leaves rates and QE unchanged

At today’s meeting the Governing Council of the ECB decided that 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 -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period

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FED raised rates to 1.50%

As expected, FED raised rates for 0.25 points, from 1.25 to 1.50% today. Here is the FOMC statement and economic projections. Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been

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The ECB monetary policy decisions and the EUR/USD reaction

At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) 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 -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at

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FED remain the Interest Rate at 1.25%

FEDERAL RESERVE ISSUES FOMC STATEMENT Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate

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Rate decision of the ECB and the EUR/USD reaction

At today’s meeting the Governing Council of the ECB decided that 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 -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period

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FED leaves rates unchanged at 1.00-1.25%

After hike in June, the FED leaves rates unchanged at 1.00>1.25% today as expected. Here is the full FOMC statement on July 26, 2017 Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been

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The ECB leaves key interest rates and QE on hold

ECB leaves main refinancing rate at 0.0%, marginal lending facility at 0.25% and deposit facility at -0.4%. ECB leaves asset purchase target at 60 bln EUR as well. ECB press conference follows, you can watch it live here. In the meanwhile, check my montly EUR/USD analysis from July 18. and watch the resistance levels which could be attacked latter on.

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Bank of Japan leaves monetary policy unchanged

Early today, the Bank of Japan anounce no changes to the current monetary policy as expected. Latter on press conference, governor Kuroda says: still quite a distance to achieve 2% target inflation will rise but still only halfway now BOJ not ready to start discussing exit strategy with low inflation still in theory ETF purchases could drop before 2% no

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FED raises Interest Rates for the second time in 2017

The Fed hiked interest rates for the second time this year, in a widely expected move that reflects the central bank’s confidence in the US economy. At the conclusion of their two-day meeting on Wednesday, the Federal Reserve’s Open Market Committee raised their benchmark interest rate by 25 basis points to a range of 1% to 1.25%. The move was essentially

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The ECB leave rates unchanged, deposit at -0.40%

The ECB decided to leave all rates unchanged; main refinancing rate at 0.0%, deposit facility rate at -0.40% and marginal lending facility at 0.25%. Asset purchase remain unchanged at €60bln per month as well. President Mario Draghi is holding press conference in Tallinn Estonia at the moment, you can watch it LIVE here  My suggestion is to watch the press conference

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