Following the Federal Reserve’s announcement yesterday, the Euro again rallied against the U.S. Dollar, and is now trading higher today at 1.3156. On the OpenBook, traders who had expected the Euro to pullback are rethinking their positions. Trad 29 Vote(s) Read More ECB Frets over Greek Bonds as Traders Resume Bearish Posture
Posted in FX News | Tagged as, bearish, bonds, ecb, frets, greek, over, posture, resume, traders
Australian Dollar (AUD) the EUR/USD and GBP/USD sell off in Europe sent the Aussie to day lows but AUD/JPY buying and general support for the high yielder recently allowed the pair to finish unchanged. The mild risk aversion is not proving as dangerous … 40 Vote(s) Read More ECB and BOE Rate Announcement Today
Posted in FX News | Tagged and, announcement, boe, ecb, rate, today
Some market commentators have argued that the first 36 months long-term refinancing operation (LTRO), in which banks took EUR490bn in total, has so far not worked as planned because the extra liquidity has simply been placed on the deposit facility at the ECB. However, this argument is false. The sharp increase Read More ECB Large [...]
Posted in FX News | Tagged deposits, do, ecb, failed, has, imply, large, ltro, not, that
While Italy managed to have a successful auction of short-term 6-month debt, market jitters are still there in regards to the 10-year debt on offer by Italy in tomorrow’s trading session. Italian 10-Year Yield – Italian 10-year yields rallied after dipping initially after the short-term debt auction, moving back above 6.9%. Read More GBP and [...]
Posted in FX News | Tagged and, at, balance, ecb, eur, falls, for, gbp, low, record, routed, sampp, sheet, the, to, week
Fearful banks parked a record ?411bn (?344bn) with the European Central Bank (ECB) last night in a further sign that Europe’s financial institutions are becoming increasingly wary of lending to each other. Read More Nervous banks place record 411bn with ECB as eurozone woes continue
Posted in FX News | Tagged 411bn, as, banks, continue, ecb, eurozone, nervous, place, record, with, woes
The BoE forecasts inflation to fall back and the risk for deflation may become more evident. Thus there is the potential for additional asset purchases (QE) in the future. Market expectations are for further action to be carried out in February but … 5 Vote(s) Read More ECB LTRO a Back Door to QE
Posted in FX News | Tagged a, back, door, ecb, ltro, qe, to
Today, for the first time, the European Central Bank began offering three-year loans as part of a plan to provide struggling countries with the funding to avoid collapsing due to the debt crisis. Even though the measure is supposed to help eurozone countries, the euro has slipped against other major currencies. (…)Read the rest of Euro Lower as Banks Take Three-Year Loans from ECB (130 words) Posted on Forex [...]
Posted in FX News | Tagged as, banks, ecb, euro, from, loans, lower, take, threeyear
The eurozone faces fresh splits after one of the ECB’s most senior figures said the bank should not be used to fund national debts and that if it was forced to, it would mean the end of the single currency. Read More Divisions in eurozone over ECB bondbuying
Posted in FX News | Tagged bondbuying, divisions, ecb, eurozone, in, over
The European Central Bank has dashed hopes for a blitz of bond purchases to stem the debt crisis in southern Europe, setting off a sharp fall on European stock markets and a flight from risk across the world. Read More Market rout as ECB dashes bond hopes
Posted in FX News | Tagged as, bond, dashes, ecb, hopes, market, rout
Investors have febrile expectations of Mario Draghi. They are strangely hopeful that the Italian chief of the European Central Bank will soon unleash a blitz of bond purchases to halt the death spiral in southern Europe. Read More Mario Draghi to drag out ECB rescue
Posted in FX News | Tagged drag, draghi, ecb, mario, out, rescue, to
