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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • Get our analysts’ view on the key fundamentals for Oil in Q2. Download now.
  • The Bullish Cup and Handle that has been brewing in $USDTHB for some time is now on the verge of breaking higher Pushing above key resistance (around 31.606) exposes the July 2020 high at 31.858 towards peaks from the same year Learn more here -
  • No change in interest rates is expected, but the central bank could adopt a more hawkish language in response to the deteriorating inflation outlook. Get your market update from @DColmanFX here:
  • Fed's Williams: - It wouldn't be a problem if reverse repo activity increased - It is impossible to predict when the Fed will be able to reduce its bond-buying program
  • Fed's Williams: - The Fed reverse repo facility is operating perfectly - Overnight reverse repo is running perfectly
  • Fed's Williams: - The Federal Reserve is "talking about talking about" slowing asset purchases - Employers perceive a tight job market, but this does not imply full employment
  • Fed's Williams: - I predict a moderate market response to the Fed's policy meeting - Following the FOMC, there was no minor taper tantrum
  • Fed's Williams: - We see the dangers on both sides in terms of employment and price stability - Money market rates are under increasing downward pressure
  • Fed's Williams: - The average inflation target is not based on any methodology - We have taken note of the significant increase in reverse repo usage
  • Fed's Williams: - The Fed's adjustments to administered rates were about keeping the fed funds rate within the target range - Regulators should pay attention to money market funds since they have been in trouble in the past
ECB Leaves Rates Unchanged, As Expected; Euro Stable

ECB Leaves Rates Unchanged, As Expected; Euro Stable

Martin Essex, MSTA, Analyst

ECB and EUR price, news and analysis:

  • The European Central Bank has left all its key interest rates unchanged, as was widely expected, and its bond-buying program at €20 billion per month.
  • Also as expected, the ECB has confirmed that it will launch a strategic review of topics ranging from its inflation target to climate change.
  • In response, EUR/USD held steady as ECB President Christine Lagarde explained the decisions at a press conference.

ECB to redefine its goals

The European Central Bank has confirmed a strategic policy review that could lead to a change in its current inflation target of below, but close to, 2% in the medium term. Other topics could include digital currencies and climate change and the review could take a year to complete.

The statement came as the ECB left all its key interest rates and its €20 billion per month asset-purchase program where they were, as widely expected by analysts polled by the news agencies. That left EUR/USD little changed during a press conference by ECB President Christine Lagarde.

EUR/USD Price Chart, Five-Minute Timeframe (January 23, 2020)

Latest EUR/USD price chart.

Chart by IG (You can click on it for a larger image)

Lagarde was listened to closely for indications on whether she would follow the ultra-easy monetary policies of her predecessor Mario Draghi amid doubts among some members of its rate-setting Governing Council about the efficacy of keeping the monetary taps wide open amid early signs of an improvement in the Eurozone economy.

In the meantime, the ECB said it sees interest rates at their present or lower levels until the inflation outlook converges robustly to its target. It also said it sees its asset-purchase program running for as long as necessary and to end shortly before any rate increase.

It will reinvest the proceeds of the program in full for an extended time after that rate hike and for as long as necessary. Further details of the scope and timetable of the strategic review will be published at 1430 GMT.

Lagarde says policy has to remain highly accommodative

Speaking at her press conference, Lagarde said incoming economic data were in line with the ECB's baseline scenario of ongoing moderate growth, although manufacturing was a drag.

Monetary policy has to remain highly accomodative for a prolonged period of time but the Eurozone services and construction sectors remained resilient and both surveys and offiial data pointed to some stabilization, she said.

Risks are tilted to the downside, but less pronounced, while headline inflation is likely to stay around its current levels in coming months, Lagarde added.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below

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