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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: -0.48% Oil - US Crude: -1.02% Silver: -1.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fuN1JsPmS0
  • $EURUSD resistance has held thus far. But higher-lows coming in, setting up an ascending triangle this is similar to the backdrop in USD in early-Jan, just before the bullish reversal came in - discussed here at the time https://www.dailyfx.com/forex/market_alert/2020/01/07/correction-conundrum-in-the-us-dollar-eur-usd-usd-cad-aud-usd-js57.html https://t.co/uze2m6I5y7
  • 🇺🇸 USD Consumer Confidence Index (FEB), Actual: 130.7 Expected: 132.2 Previous: 130.4 https://www.dailyfx.com/economic-calendar#2020-02-25
  • Taking this morning's Consumer Confidence report with a grain of salt... initial survey data chopped off on the 18th of every month...
  • 🇺🇸 USD Conf. Board Present Situation (FEB), Actual: 165.1 Expected: N/A Previous: 173.9 https://www.dailyfx.com/economic-calendar#2020-02-25
  • Consumer confidence below expectations and last month's print... $USD a touch weaker https://t.co/DYNQjw1u8w
  • 🇺🇸 USD Conf. Board Present Situation (FEB), Actual: 165.1 Expected: N/A Previous: 175.3 https://www.dailyfx.com/economic-calendar#2020-02-25
  • 🇺🇸 USD Consumer Confidence Index (FEB), Actual: 130.7 Expected: 132.2 Previous: 131.6 https://www.dailyfx.com/economic-calendar#2020-02-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.02%, while traders in USD/CAD are at opposite extremes with 69.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Qj3w3u6ECz
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.40% Oil - US Crude: -0.61% Silver: -1.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BcOQFf3Arm
ECB Announces Monetary Policy Decision, EUR/USD Unmoved

ECB Announces Monetary Policy Decision, EUR/USD Unmoved

2019-10-24 11:53:00
Justin McQueen, Analyst
Share:

ECB Talking Points

  • Monetary Policy Tools Unchanged
  • EUR/USD Unmoved

EURUSD Sees Muted Reaction to Latest ECB Decision, as Expected

The Euro sees a muted response following the ECB monetary policy decision in which the central bank left policy tools unchanged as unanimously expected among economists. With QE2 set to commence from November 1st at a monthly pace of EUR 20bln/month, the ECB reiterated that it expects asset purchases to run as long as necessary to reinforce the accommodative impact of its policy rates and to end shortly before raising rates.

Deposit Rate -0.50% (Exp. -0.50%)

Main Refinancing Rate 0.00% (Exp. 0.00%)

Marginal Lending Rate 0.25% (Exp. 0.25%)

EURUSD PRICE CHART: Daily Time Frame (Dec 2018 – Oct 2019)

ECB Announces Monetary Policy Decision, EUR/USD Unmoved

For a more in-depth analysis on EUR, check out the Q4 Forecast for EUR

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

News & Analysis at your fingertips.