ECB minutes

The European Central Bank released the minutes of the meeting held in June last week. The minutes covered the monetary policy meeting where the ECB announced its forward guidance. This included tapering the current bond purchases to 15 billion euro from September and an eventual end to QE by December 2018. The minutes showed that interest rat...

2018-07-18 John Benjamin Read more

 EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more

The economic calendar for the week ahead is relatively quiet following a busy start to the month last week. Among the central bank meetings, the Bank of Canada's monetary policy meeting stands out. Heading into the BoC meeting, the markets are somewhat divided on whether the BoC will hike rates or not this week. The European Central Bank will...

2018-07-09 John Benjamin Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more

The month of June stood out with two major central banks taking monetary policy decisions. The U.S. Federal Reserve hiked interest rates by 25 basis points while the European Central Bank announced a modest taper to 15 billion euro starting from September and eventually ending its QE program by December 2018. The U.S. dollar continued to main...

2018-07-03 John Benjamin Read more
ecb holds

The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate which is at -0.40% and the marginal lending rate which is at 0.25% were left unchanged. However, invest...

2018-06-21 John Benjamin Read more

The market was rocked last week as the ECB delivered a blow with a double-edged sword at its June monetary policy meeting. The central bank announced that it would wind down its massive quantitative easing program by the end of 2018 though bulls were left disappointed as Draghi added the caveat that rates will be kept on hold “at least through t...

2018-06-19 James Harte Read more
fx cot update brexit

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 1k contracts to take the total position to 88k contracts. This latest position adjustment reflected light position covering ahead of the June ECB meeting where the central bank kept policy unchanged as expected. EUR bulls were left disappointed however, as...

2018-06-18 James Harte Read more
european central bank

Speculators are likely to turn cautious on the euro currency heading into this week's European Central Bank's monetary policy meeting that will be held on June 14th. The ECB's meeting comes just a day after the FOMC meeting. U.S. short term interest rates are expected to be hiked by 25 basis points as the markets brace for forward guidance to de...

2018-06-13 John Benjamin Read more

With Trump and Kim meeting this Tuesday, UK Unemployment rate, US CPI, UK CPI, FOMC meeting, ECB meeting, the BOJ monetary policy meeting and so much more this week, what could be in store for the FXMajors? [shortcode-variables slug="go2_tradeideas"]  

2018-06-12 Ian Coleman Read more