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 [...]

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 [...]

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 [...]

RBNZ; Interest Rate stays at 1.75%

The Reserve Bank of New Zeland today left the Official Cash Rate (OCR) unchanged at 1.75 percent, NZD tumbles . Global economic growth has increased and become more broad-based over recentmonths. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Stronger global demand has helped to raise commodity prices over the past [...]