Monetary policy decisions | Forex Factory

  • Monetary policy decisions

    From ecb.europa.eu

    At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics. As decided ... (full story)

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sadeghi
Oct 24, 2019 7:10am
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Quoting Ghass1234
{quote} usd will go up adter this broadly . green is been very week for the second week now ,
Depending on US data. I hope it's green. in general, I think USD will go up next Wednesday.
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TheHoodTrade
Oct 24, 2019 7:34am
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Quoting mga35
{quote} Don't sell oil. OPEC is considering a further production cut!
Follow what they do. Not what they say....
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Ghass1234
Oct 24, 2019 7:15am
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Quoting sadeghi
{quote} Depending on US data. I hope it's green. in general, I think USD will go up next Wednesday.
if bad data , i will sell oil, yesterday WTI went up 2$ on nothing , just a small drop in invrntories
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sadeghi
Oct 24, 2019 6:57am
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Neutral. Nothing.
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mga35
Oct 24, 2019 7:30am
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Quoting foto
"robustly converge to a level sufficiently close to, but below. 2%" Will be a lo......ng wait.
Don't sell oil. OPEC is considering a further production cut!
Reply
foto
Oct 24, 2019 7:58am
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Quoting mga35
{quote} Don't sell oil. OPEC is considering a further production cut!
Although I believe evidence continues to point to ongoing dis-inflationary pressures coming from global industrial overcapacity, Oil I view as having underlying strength as in the coming winter months am expecting a severe winter propping up energy demand.
Am holding Position short in EURO/CAD.
In addition weekly Cycles in this pair starting to roll over for a protracted move based upon my analysis.
If Oil does hold or strengthen then consumer ability to spend will get further depressed as energy will net drain discretionary spending.

add: If one were to look at a longer term weekly of EURO/CAD, price currently sits just above and has tested a long term uptrend line going back to 2012 Breaking 1.4500 will be a significant event.
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Ghass1234
Oct 24, 2019 7:05am
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Quoting sadeghi
Neutral. Nothing.
usd will go up adter this broadly . green is been very week for the second week now ,
Reply
foto
Oct 24, 2019 7:21am
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"robustly converge to a level sufficiently close to, but below. 2%"
Will be a lo......ng wait.
Reply

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