
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
The European Central Bank is geared up towards developing an instant payment settlement service. The EU’s number one financial institution is going to make this come true by late 2018. The key purpose of this move is to drastically facilitate real-time money transfer of small scale transactions. That’s what the European Central Bank revealed in its statement.
Real time transfer facilities are currently available for large volume payments. However, the new service, set to get down to operating in November next year, would expand it to all transfers, not to mention retail transactions, at a marginal cost.
The European Central Bank emphasized that the service is about to be developed in broad cooperation with the banking industry of the European Union, and it’s going to be offered to financial institutions at the low price of 0.20 euro cent per payment for the first two years of operation.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.