All eyes are on Mario Draghi. Will he lay out the beginning of the end of the QE program? Speculation has been rife about the possibilities and the attempts he might make to talk down the euro. Preivew: ECB Preview: Low expectations could send the euro shooting higher Highlights We will make a decision in […]
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The European Central Bank left its policy unchanged. In the accompanying short statement, they maintained their usual phrase about QE: it will continue through 2017 or beyond if necessary. The main lending rate remains at 0% and the deposit rate at -0.40%. No changes were expected to rates. EUR/USD holds onto the levels it climbed […]
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The European Central Bank is about to make its decision and it seems that the euro cannot wait. EUR/USD is advancing towards 1.20. Can it continue higher? Here is their view, courtesy of eFXnews: ANZ FX Strategy Research argues that that there are 5 reasons to be skeptical that President Draghi will address euro strength head-on in […]
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The Bank of Canada did it again. The team led by Stephen Poloz and his colleagues decided to raise interest rates in a decision that was not 100% priced in. In addition, they left an open door to another hike in the near future. The BOC noted the strong growth in jobs as well as […]
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AUD/USD is getting closer to the 0.80 level, reaching a high of 0.7985 but showing a lot of hesitation. Can the RBA keep talking it lower for much longer? The Australian economy is doing quite well. Growth and jobs are less reliant on the mining sector and things are going quite well. Nevertheless, the economy […]
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