empty
 
 
Back Fundamental analysis
analytics675aeef79fc76.jpg
Back Fundamental analysis
Euro Shifts Its Tone
The European Central Bank did everything
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
The European Central Bank did everything expected of it—lowering the deposit rate by 25 basis points to 3%—and issued several signals about continuing monetary easing. However, these signals were not strong enough to definitively sink EUR/USD. The primary currency pair rebounded from the support level of 1.0470 and returned to what it had been doing for weeks: consolidating. But how long will it last?Only one major bank surveyed by Bloomberg anticipated a 50-basis-point rate cut from the ECB in December.
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Marek Petkovich,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback