Online Forex broker
On Friday, the common currency kept declining after yesterday's considerable sag against the evergreen buck. The key catalyst for the dive of the currency pair EUR/USD are the outcomes of the ECB gathering as well as the statement of ECB Governor Draghi.
During yesterday's gathering, the EU’s key bank announced the reduction of the quantitative easing initiative from September to December, although added that rates are going to remain at current levels until the summer of next year. Following the gathering, the European Central Bank left the benchmark interest rate at 0%. The European Central Bank told it would have the monthly volume of bond purchases cut under the QE initiative starting from October from 30 billion euros to nearly 15 billion euros and finish the program in December this year.
Additionally, ECB Governor Mario Draghi stressed that stimulation through monetary policy is still required. He added that the major bank will keep moving towards its objective.
Japan’s currency headed south a bit after it was unveiled that the Bank of Japan left its the deposit rate intact at the level of -0.1%.
The annual volume of buying of ETF is kept intact at about Y6 trillion, while the annual volume of buying of J-REIT accounts for Y90 billion yen.
According to the statement of Japan’s main financial institution, the Asian country’s economy is soaring modestly, while inflation expectations are moving sideways.
The statement ascertains that inflation is capable of speeding up to 2% because the gap in output is going to get better. As a matter of fact, inflation expectations in Japan are currently soaring. As for CPI, it’s still fluctuating between 0.5%- 1%.
By the way, member of the Board of the Bank of Japan Kataoka didn’t appreciate the retention of the interest rate at the same level.
North Korea's unknown hacking group, Lazarus has made an incredible thing – the hackers from the isolated country have managed to thieve more than half a billion US dollars in crypto assets…
On Friday, the evergreen buck moved down, as bond gains kept holding close to a one week maximum, while the common currency managed to tack on…
On Thursday, Bitcoin generally dived, proceeding with its losing marathon…
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.
|
