ECB LEAVES KEY RATES UNCHANGED, PEPP SIZE STAYS AT €750 BILLION.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The conditions on the targeted longer-term refinancing operations (TLTRO III) have been further eased. Specifically, the Governing Council decided to reduce the interest rate on TLTRO III operations during the period from June 2020 to June 2021 to 50 …

FOMC; RATES STAYED UNCHANGED IN A RANGE OF 0.00% TO 0.25%

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 coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to …

Germans IFO economist Wohlrabe: GDP could fall between 5 and 20% in 2020

If todays German manufacturing index data is not a warning sign of the biggest posiblle recesion in recent history, nothing is in my point of view. IMF business climate index fell to 86.1 which is the lowest level since August 2009. Also, based on the GDP projection from Klaus Wohlrabe, the World could retun in …

Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?

The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from the …