News Regulators 

Europe is getting ready to stop printing money. It shouldn’t.

“For starters, the problems with the euro made their economy fall further than anyone else’s during the crisis” writes Matt O’brien Is for washingtonpost.com. And secondly, the mistakes the inflation-phobic ECB has made since the crisis have meant they haven’t made up as much of that ground.But there are a lot of reasons to doubt whether that’s true in the euro zone. Source: washingtonpost.com Share This:

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News Regulators 

ECB in free fall after ECB ruled out any rate hike till late 2019 and kept QE

“Double-top that was left at 1.1839/48 is bearish signal as acceleration through a cluster of MA supports, which now reverted to resistances, marked next bearish signal” reports fxstreet.com. Initial negative signal was comment for future rate hikes as the ECB ruled out any rate hike until the second half of 2019.Today’s significant fall dented bullish near-term outlook and signals that recovery from 1.1509 low might be over. Source: fxstreet.com Share This:

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News Regulators 

Euro slides as Draghi delivers a ‘dovish’ end to the ECB’s easy money

“The ECB has said that from September the pace of bond buying will fall from 30 billion euros ($34 billion) to 15 billion euros” writes Daniel Roland for cnbc.com. The euro fell sharply after the European Central Bank (ECB) outlined its exit from quantitative easing (QE), but also claimed interest rates won’t likely budge for more than a year.Sitting at around 1.1818 versus the dollar before the announcement, the euro fell to 1.1681 during Draghi’s subsequent press conference, shipping around 0.9 percent in value for the session.Euro investors appeared to…

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News Regulators 

Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

“The central bank also signaled there would be two more hikes this year, more than previously expected” writes Gina Heeb for businessinsider.com. ET. The ECB said in a statement that the large-scale stimulus program, which has been in place since 2015 amid the eurozone debt crisis, will end in December.ECB President Draghi waits to address EU Parliament’s Economic and Monetary Affairs Committee in Brussels Thomson Reuters The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion ($3 trillion) bond-buying program at…

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News Regulators 

The European Central Bank just called time on its $3 trillion stimulus programme

“Somewhat unfortunately, Latvia is currently unable to vote in ECB meetings, thanks to a legal dispute involving the governor of its central bank” writes Will Martin for businessinsider.com. Elsewhere, the central bank left its interest rates unchanged, meaning a deposit rate of -0.4%.ET) the ECB’s president, Mario Draghi, will take questions from the media. to discuss the bank’s decision. Source: businessinsider.com Share This:

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Markets News Regulators 

Markets play the waiting game ahead of ECB meeting

“Sterling is still the lead gainer on the day after the beat in the retail sales data but has fallen a little with cable now trading at 1.3428 after failing to hold a break above the resistance level at 1.3441 highlighted here The dollar meanwhile has been on the back foot since the start of the session and has only lost further ground – albeit a little – as the session progressed” reports forexlive.com. The euro is still holding up well and steady ahead of the ECB later, and should…

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News Regulators Stocks 

FTSE 100 slides as China growth concerns weigh on mining stocks

“Rolls-Royce Holdings PLC shares RR., +2.49% rose 2.8% after the British aircraft-engine maker said it will cut 4,600 jobs, in its latest round of job reductions” writes Markets Reporter for marketwatch.com. Mining stocks were knocked back by concerns about the economic health of China, the world’s largest buyer of copper and a major buyer of other industrial and precious metals.U.K. stocks fell Thursday, as worries about slowing economic growth in China hit shares of mining companies and as investors prepared to find out whether the European Central Bank will reveal…

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News Regulators 

Fed-driven dollar rally fades, focus shifts to ECB meeting

“The greenback’s bounce faded as traders booked profits before the European Central Bank’s meeting later Thursday, where policy makers are seen discussing the timing of winding down the ECB’s 2.55-trillion-euro bond-purchase program” writes Midwest Communications Inc for 95kqds.com. The initial market reaction to the slightly more hawkish Fed tone quickly faded off, with the focus shifting to the ECB’s policy review later in the global day. The South African rand , hit lately by weak economic data, slipped to a six-month low of 13.44 per dollar on Wednesday and last…

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News Regulators 

Investors brace for ECB ‘close call’ on when to start winding down quantitative easing

“Its key lending rate stands at 0%, while the rate on money deposited overnight at the central bank stands at negative 0.4%” writes Deputy Markets Editor for marketwatch.com. Beyond that, the question is when the ECB would begin to lift its ultralow policy rates.Subsequent remarks by officials have calmed fears, but a round of criticism of the ECB by Rome politicians could stick in the central bank’s craw, analysts said.The combination of bond buys and extraordinarily low policy rates has helped drive the yields on a swath of European government…

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News Regulators 

EUR/USD Forecast June 11-15 – ECB looks to exit, but trade wars weigh

“The ECB decision is left, right, and center in a busy week in the shadow of frictions around global trade” writes Yohay’s Google Profile for forexcrunch.com. The worsening relations between the US and the rest of the world around trade are set to take their toll and it is not priced in. Our latest podcast is titled Truce in trade and dollar domination Follow us on Sticher or iTunes.  Source: forexcrunch.com Share This:

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