Posts Tagged ‘european central bank’

EURUSD Weakens Intraday on Data, Central Banker Speeches

by Christopher Lemieuxon July 2, 2014 2:03 pm BST
The euro-dollar is weakening intraday amid the ADP non-farm payrolls report, suggesting that the United States added 280,000 jobs in May. The dollar reacted positively to the data, bouncing off of multi-session lows. The euro was consolidating after the final gross domestic report shows that the eurozone’s growth continues to be anemic, growing only .2 […]

Low Rate Environment Creating Boring FX Market

by Christopher Lemieuxon June 27, 2014 8:03 pm BST
The largest central banks have conducted experimental monetary policy in the wake of the financial crisis and the slower than expected rebound in economic growth. In part, the ultra-low interest rate environment conducted by central banks to try to stimulate growth, but it is creating a boring forex market. Various forex volatility gauges have hit […]

EURUSD Price Action Hits Supply Zone Amid FOMC Outlook

by Christopher Lemieuxon June 18, 2014 9:15 pm BST
The dollar weakened after the Federal Reserve reduced their outlook on growth in their FOMC minutes, while holding their short-term interest rates near zero. The Fed decided the economic was strong enough to continue their reduction in asset purchases from $45 billion per month to $35 billion per month, yet, with a balance sheet of […]

Sterling Strengthens Against Euro on Interest Rate Outlook

by Christopher Lemieuxon June 13, 2014 9:38 pm BST
The Sterling hit levels not seen since November against the euro, breaking through .8000. Traders are pushing the pound higher on the speculation that the Bank of England (BoE) will increase their benchmark rate from .5 percent sooner than expected. The pound strengthened against all of its major pairs, reaching 1.6991 against the greenback before […]