Forex_Broker-FIX_API-cTrader-PAMM_Accounts-FXPIG

A New FX Platform? Your FX Prayers Have FINALLY Been Answered...

/forex-broker/ctrader

PIGs Are Very Analytical. Check The Stats...

/low-spreads?tab=tab-button.tab-statistics

What you're on Facebook? Awesome, so are we...

http://www.facebook.com/FXPIG

5 Trillion? That's It?? The Liquidity Myth Everyone Falls For...

/blog/108-cash-may-not-be-king-for-long

Profitable Managed Forex Accounts? C'mon... Really?

/managed-forex-accounts

Ever wonder what falling to Earth from space would be like?

something interesting

< BACK TO Market Analysis

Breaking: ECB slashes rates

Author

bily

| Published on

September 12, 2019

ECB_slashes_rates_Forex_FXPIG

The European Central Bank has lowered its deposit rate by 10 basis points from -0.40% to -0.50%

However, the ECB announced that it will restart its QE program from November 1, buying 20 billion euros per month with no time limit. The ECB will stop purchases before raising rates.

Guidance has changed:

-- more to come

Follow all the updates in the ECB live coverage

The European Central Bank was expected to cut the interest rate by 10 basis points from -0.40% to -0.60% and also extend its commitment to maintaining low-interest rates for longer. However, some had expected a more aggressive rate cut and an announcement of a new bond-buying scheme – QE. Officials at the bank have recently expressed contradicting views about the scope for new stimulus.

The economic situation in the euro-zone has been deteriorating in the past few months, with signs of an imminent recession. Moreover, inflation – which is the ECB's mandate – has remained depressed with core prices rising by less than 1% YoY.

EUR/USD has been trading above 1.10 ahead of the all-important decision and the press conference by ECB President Mario Draghi.

‍

Source: fxstreet

‍

The European Central Bank has lowered its deposit rate by 10 basis points from -0.40% to -0.50%

However, the ECB announced that it will restart its QE program from November 1, buying 20 billion euros per month with no time limit. The ECB will stop purchases before raising rates.

Guidance has changed:

-- more to come

Follow all the updates in the ECB live coverage

The European Central Bank was expected to cut the interest rate by 10 basis points from -0.40% to -0.60% and also extend its commitment to maintaining low-interest rates for longer. However, some had expected a more aggressive rate cut and an announcement of a new bond-buying scheme – QE. Officials at the bank have recently expressed contradicting views about the scope for new stimulus.

The economic situation in the euro-zone has been deteriorating in the past few months, with signs of an imminent recession. Moreover, inflation – which is the ECB's mandate – has remained depressed with core prices rising by less than 1% YoY.

EUR/USD has been trading above 1.10 ahead of the all-important decision and the press conference by ECB President Mario Draghi.

‍

Source: fxstreet

‍

lastest Articles

This is some text inside of a div block. This is some text inside of a div block. This is some text inside of a div block.

This is some text inside of a div block.

Market Analysis

EUR/USD: Five reasons to drag the pair down

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Bearish sign

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

S&P: Major Aussie banks not at risk of downgrade amid pandemic

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: New quarter, same market gloom as coronavirus spreads, critical US data eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Dollar Index: 2008/09 parallels point to sustained USD strength – Westpac

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Crude prices rebound after tapping 18-year low

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD needs to hold onto support at 1.0972 to weather the dollar storm

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Bearish pressure eased

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: King Dollar takes back the reins as coronavirus fears mount, oil slumps; eyes on German CPI

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week Ahead – Virus Watch, China data to rebound while the world braces for pain, and why the dollar looks so vulnerable

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Will King Dollar be re-coronated after the plunge? Virus, consumer data, eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Dollar dumping extends, US coronavirus cases top China’s; US House vote eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Watching if bulls are able to capitalize the momentum

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: EUR, JPY in the lead after Senate's stamp, ahead of horrible US jobless claims, BOE

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: The picture is improving

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Futures: Upside looks capped

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Senate strikes stimulus, stocks may sell the fact, dollar pressured, coronavirus data eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

S&P 500 futures jump 5% and hit the limit-up band of 2,333.50

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

GBP/USD bulls looking to extend the momentum beyond 1.1700 mark

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD firmer above 1.0800 post-PMIs

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: 35-year uptrend breached – Commerzbank

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: New week, same corona carnage, dollar down vs. majors, excels elsewhere, US Senate eye

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week ahead – Tougher times ahead?

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold rallies further beyond $1500 mark, fresh session tops

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

ECB’s stimulus package: Lagarde’s “Whatever it Takes” moment – UOB

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Dollar takes a breather, coronavirus claims 10,000 lives, “quadruple witching” eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Canada: BoC to keep the system running – RBC Economics

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Oil: Several OPEC members calling for new action – ANZ

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Euro at Risk Ahead of German IFO Data and SNB Rate Decision

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Crude Oil Futures: Still scope for a rebound… but when?

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold slides further below $1500 mark, losing around 2.5% for the day

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Base metals: Sign of weakening demand emerging – ANZ

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Typical dead cat bounce ove

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Prices Slide Again As Coronavirus Prompts Cash Raising

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Dollar dominant as markets bounce after Trump's recession talk, focus on fiscal stimulus

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

BoJ Governor Kuroda: Possible to deepen negative interest rates further

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Faced rejection near the 1.1200 round-figure mark

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week Ahead – Fed and BOJ to add more to the punchbowl, Virus disruption, and a fourth week of heightened volatility

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

US: Fed to cut 100bps at its next meeting – Deutsche Bank

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

ECB: EUR/USD heading lower as looks for fiscal measures – Danske Bank

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold: Wave of selling also hit the yellow metal

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold surrenders early gains, back near $1640 level despite coronavirus-led jitters

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Trump fails to reassure coronavirus-concerned America, stocks down, gold up, ECB eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Euro Analysis Ahead of ECB Rate Decision and Lagarde Outlook

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Breaking: GBP/USD tumbles as BOE surprises with 50bp cut to 0.25% ahead of UK budget

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Yen rallies hard as US stimulus doubts, coronavirus fears hit stocks, USD and yields

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD resuming rise amid doubts over US fiscal stimulus

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Dollar dominates after the coronavirus crash amid Trump's tax promises, Chinese hopes

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Global shares plunge in worst day since financial crisis

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Monday mayhem, wild currency moves, Gold fakeout, oil -30%, amid coronavirus panic

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Oil Prices Crash 25% As Oil War Begins

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Time to Spring Forward

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week ahead – Market volatility here to stay

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

The Fed could cut rates further at the March meeting – UOB

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold remains confined in a range, around $1640

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD flirting with daily highs around 1.1140

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD – Euro Rally May Just Be Getting Started vs US Dollar

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

US Pres. Trump: Fed should ease and “cut rate big”

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Coronavirus update: First confirmed case in London, total infections in Iran at 1,501

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week Ahead – Central Banks, OPEC + and Governments prepare to cushion the coronavirus impact

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

US: Markets not focused on Super Tuesday

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

ECB's Vasiliauskas says extraordinary meeting may be called over coronavirus, EUR/USD off the highs

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Markets in freefall: Carney warns UK faces downgrade over coronavirus – latest updates

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

ECB's Schnabel: Coronavirus increased uncertainty about global growth outlook

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD now looks to 1.0925 – UOB

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold clings to gains near session tops, around $1650 region

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Coronavirus clobbers markets, dollar on the defensive (for now), Bitcoin battered

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold corrects further from multi-year tops, slides to $1635 area

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Turn-up Tuesday? Dollar, stocks bouncing, Gold down, after coronavirus-related plunge

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/JPY Price Analysis: Decline is challenging the 200-day SMA

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

US Dollar Index Price Analysis: Still scope for a move to 100.00

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week ahead – Race to face the Don

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

FED: Three arguments for a rate cut – Nordea

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Breaking: EUR/USD jumps above 1.08 as German Manufacturing PMI beats with 47.8

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

FXSniper X2 Risk Available in EURO Now

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

GBP/USD: Overnight sharp fall

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Long-term extremes for EUR/USD, USD/JPY, AUD/USD, Gold amid coronavirus fears, USD rally

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Asian stocks slip as virus' regional spread spooks investors

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Futures: Green light for extra gains

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: Possible test of 1.06 – Danske Bank

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Yen slips as risk recovers on fading coronavirus fears; UK CPI – up next

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

RBA Minutes: Prepared to ease monetary policy further – ANZ

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

BoJ expected to ease further into 2020 – UOB

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

EuroHook Pamm - The Fishermans's Bastion

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

EUR/USD: A bottom looks closer – UOB

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Week Ahead – Turning a Corner on COVID-19

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Oil: Energy sector up

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

GBP/USD: Upsurge testing major resistance

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Forex Today: EUR/USD falls toward Macron gap, Pound enjoys Javid jump, US consumer, coronavirus eyed

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Australian dollar: Under the weight of the world – Westpac

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

US Dollar May Rise on Haven Demand as Coronavirus Fears Swell

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Price Analysis: Levels to watch after coronavirus-fueled jump – Confluence Detector

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

Market Analysis

Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains

https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613

FXPIG™ does not open or maintain accounts for Vanuatu based entities or residents or U.S. based entities or residents who are classified as retail or low net worth clients as per the most recent definition of such by the CFTC. Governmental restrictions along with our own internal company policies prohibit FXPIG from opening accounts originating from restricted and/or OFAC sanctioned countries.

Forex Broker FXPIG™ proudly Services Clients from nearly 100 Countries WorldWide, including, but not limited to: Australia, specific provinces, where permissible by law in Canada, Germany, China, Russia, and many more.

Trading in the Forex or CFD Markets is speculative in nature and not appropriate for all investors. Investors in the Forex or CFD Markets should only use risk capital when trading futures, options, and Forex because there is always the risk of substantial loss.
‍
Alchemy Prime Ltd, 13 Leyden Street,London E1 7LE, is the payment agent for FXPIG. Both Alchemy Prime Ltd and FXPig are part of the same group of companies under common ownership
‍
FXPIG™ is an official sponsor of Signature Rally - a networking supercar travel experience with like-minded people taking part in some of the worlds most modern and rarest Supercars and GT sports cars.
‍
All Rights Reserved ©2011 - 2018, Prime Intermarket Group Asia Pacific Ltd, operating as FXPIG™, the FOREX BROKER 'Where Forex Traders Come to Win,' headquartered at Level 2 Transpacific Haus Lini Highway, Port Vila, Republic of Vanuatu.