FXstreet.com (Barcelona) - Apart from the German 10-year debt auction with a targeted amount of €5B, the FX market will be looking at the ECB, since its new maintenance period with the zero deposit rate starts today. “Markets will be watching for any hints of cash reallocation in EONIA and bills rates, with more concrete figures coming from the daily ECB deposit facility statistics when they’re released tomorrow morning”, wrote TD Securities analysts.
Forex Flash: ECB’s zero deposit rate starts today – TD Securities
Wed, Jul 11 2012, 06:43 GMT | FXstreet.com
EUR/USD May 22 at 00:56 GMT
1.2927/29 (0.17%)
H1.2940 L 1.2905
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
