Summary
With varying levels of recovery growth in the economies they regulate the different central banks are at a crossroads for policy divergence. New Zealand with its commodity driven economy and the rebuild for Christchurch stoking inflation has already raised interest rates three times while others are rumored to be next for one reason or another. Amidst this environment we find the ECB taking the extreme opposite with its recent moves of a triple rate cut and negative deposit rates to mounting calls for actually printing money. Join Mark de la Paz as we examine the conditions facing the European Central Bank in its latest Governing Council meeting and how do these relate to its upcoming decision and the Euros technical outlookLatest Live Videos
Editors’ Picks
AUD/USD: Extra gains in the pipeline above 0.6520
AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.
EUR/USD meets support around 1.0650
EUR/USD managed to surpass the key 1.0700 barrier in response to the intense retracement in the US Dollar in the wake of the Fed’s interest rate decision and Chair Powell’s press conference.
Gold surpasses $2,300 as Dollar tumbles
The precious metal maintains its constructive stance and trespasses the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.
Bitcoin price reclaims $59K as Fed leaves rates unchanged
The market was at the edge of its seat on Wednesday to see whether the US Federal Reserve (Fed) would cut interest rates during the Federal Open Market Committee (FOMC) meeting.
The market welcomes the Fed's statement
The market has welcomed the Fed statement, and the S&P 500 is higher in its aftermath, the dollar is lower and Treasury yields are falling. There is still only one cut priced in by the Fed.