ECB

Results at the ECB Board of Directors in December

According to ECB President Christine Lagarde “The Board has fully agreed that further action is needed, and readjustment was the right approach. The economic easing situation depends on the pandemic, the pace at which it spreads, the containment measures taken, and the fiscal response. Respond flexibly. It is clear that the current situation should be …

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Today’s attention is US ISM non-manufacturing business index in August

※ Do you want to know all Trading Signals for Win? Please try Premium member Free Trial ! The US ISM non-manufacturing business condition index for August will be announced today. Most expectation is 57.0, which is lower than 58.1 last month and is expected to decline for the first time in 4 months. The …

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Today, pay attention to the whereabouts of the ECB Board and the EU Recovery Fund

The ECB board is expected to leave monetary policy such as policy rates unchanged. However, there is a possibility that future policies such as QE expansion, strengthening, and extension will be suggested, and attention will be paid to the post-Board meeting of EC President Governor Lagarde. EU summit is scheduled to be held tomorrow, and …

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○ Euro is cheaper, coverage of ECB trial of German constitutional court

The German Constitutional Court is reportedly rejecting a split trial on the ECB’s QE program. The reason is that it becomes unmanageable. The details of the article have not been obtained, but the euro has dropped further due to this headline report. USD is strong today due to rumors that dollar/yen purchases from GPIF (Independent …

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ECB will expand PEPP by 600 billion euros without changing the main rate

The European Central Bank’s (ECB) Board has decided to keep interest rates on its main refinancing activities and marginal lending and deposit facilities at 0.00%, as expected, 0.25% and -0.50% respectively. More importantly, the ECB announced that it has expanded its Pandemic Emergency Purchasing Program (PEPP) by 600 billion euros to 1,350 billion euros. Now …

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