Forex Market News

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Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar

2019-06-18T15:02:05+00:00

Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others. — Donald J. Trump (@realDonaldTrump)

Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar 2019-06-18T15:02:05+00:00

Draghi: Twenty Years of the ECB’s monetary policy

2019-06-18T15:01:09+00:00

Central banks were often established in the past with the aim of bringing stability in the aftermath of historic episodes. The Bank of England was established during the sovereign debt crisis of 1690, when the government was unable to obtain funding in the market. The Federal Reserve was created after a series of panics that had rocked the US banking system in the late 19th and early 20th century. The euro was introduced 20 years ago in response to repeated episodes of exchange-rate instability and the need to secure the Single Market against competitive devaluations. The ECB was established as the [...]

Draghi: Twenty Years of the ECB’s monetary policy 2019-06-18T15:01:09+00:00

The ZEW Indicator of Economic Sentiment Stands at minus 21.1 points

2019-06-18T15:00:06+00:00

The ZEW Indicator of Economic Sentiment for Germany decreased sharply in June 2019, and now stands at minus 21.1 points. This corresponds to a drop of 19.0 points compared to the previous month. The indicator’s long-term average is 22.0 points. Over the same period, the assessment of the economic situation in Germany slightly worsened by 0.4 points, with the corresponding indicator falling to a current reading of 7.8 points. The economic outlook for Germany is therefore similarly negative as it was in the last quarter of 2018. “The sharp drop in the ZEW Indicator of Economic Sentiment coincides with an increased [...]

The ZEW Indicator of Economic Sentiment Stands at minus 21.1 points 2019-06-18T15:00:06+00:00

Crude Oil Prices Eye Reversal on G20 Trade Deal Bets, Stocks Rally

2019-06-17T23:00:00+00:00

Crude oil prices breached resistance before the Fed as AUDUSD, NZDUSD rallied with stocks on US-China G20 trade deal bets. ECB’s Mario Draghi sank the Euro as he alluded to more stimulus.

Crude Oil Prices Eye Reversal on G20 Trade Deal Bets, Stocks Rally 2019-06-17T23:00:00+00:00

US Dollar rebound holding ground as the FOMC meeting looms

2019-06-17T16:49:50+00:00

Traders are cautiously looking forward in anticipation of this week’s FOMC meeting. This could be a meeting that marks a significant crossroads for near to medium term market outlook. With positioning having moved dramatically towards a dovish outlook from the Fed (even if a rate cut is not expected), Friday’s consumer data has given traders pause for thought. A reaction on market is threatening. With retail sales holding up better than expected, yields have again ticked higher, along with the dollar rebound. Have markets gone too far? It is our expectation that positioning has gone too dovish and this will be [...]

US Dollar rebound holding ground as the FOMC meeting looms 2019-06-17T16:49:50+00:00