News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZjVIG https://t.co/qmPQdsjX7b
  • OECD Chief Economist Boone says we think Chinese fiscal and monetary authorities have the capacity to buffer the shock from Evergrande (3333 HK)
  • Ethereum (ETH/USD) - Heavily oversold CCI - see prior CCI/price re-action - and a bullish hammer candle forming - will need confirmation. #Ethereum #eth #candlesticks @DailyFXTeam https://t.co/rfTZE76Dm3
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sr63f https://t.co/erYA8KfqEo
  • Coming up at half past. Please join me if you can. I'll be looking at the charts of all the major markets, checking out the confidence reports on the calendar this week and the IG client sentiment data https://t.co/fMUUMsgwGr
  • OPEC+ compliance with oil cuts rises to 116% in August - two sources #OOTT
  • Join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/CX9djlpMya https://t.co/mgkbDgiM0Y
  • 🇸🇪 Riksbank Rate Decision Actual: 0% Expected: 0% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-09-21
  • 🇮🇩 Interest Rate Decision Actual: 3.5% Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-09-21
  • Heads Up:🇮🇩 Interest Rate Decision due at 07:30 GMT (15min) Actual: 3.5% Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-09-21
Euro Steady as ECB Minutes Show Some Members Want to Drop Easing Bias

Euro Steady as ECB Minutes Show Some Members Want to Drop Easing Bias

Martin Essex, MSTA, Analyst

EURUSD talking points:

- EURUSD held steady Thursday after the minutes were released of the European Central Bank’s monetary policy meeting late last month.

- They showed that some policymakers want to drop the bank’s current bias towards policy easing.

Learn how to trade like an expert by reading our guide to the Traits of Successful Traders

New to forex and want to find out more about trading EUR? Take a look at our Forex Trading Guides

Euro holds its ground after ECB minutes

EURUSD held its ground Thursday after the minutes of the late January meeting of the European Central Bank’s policymaking Governing Council showed that some members of the council want to drop the ECB’s current bias towards easier policy.

The minutes also showed that the council decided any changes in the central bank’s communication would be premature and that policy would evolve to avoid abrupt, disorderly adjustments later. The ECB’s communication stance could be revisited early this year, though, and concerns were expressed about the Euro’s perceived volatility.

EURUSD Price Chart, Five-Minute Timeframe (February 22, 2018)

EURUSD price chart after ECB minutes

Chart by IG

The ECB also said it was increasingly confident about inflation, although patience was required, and that the pace of economic growth in the Euro-Zone could strengthen.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

For help to trade profitably, check out the IG Client Sentiment data

And you can learn more by listening to our regular Trading Webinars

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES