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 […]
Tonight’s attention is US ADP employment statistics
-American ADP employment statistics for May will be announced at 9:15 pm Japan time. It attracted attention as the outpost of the US employment statistics announced on May 5, and the number of private employees is expected to decrease by 9 million, down from 20236,000 in the previous month. The rate of decrease is expected […]
risk-on flow continues
Buy for high crude oil, high stock prices, AUD, NZD, EUR, CAD. Continue to buy EURCHF as it is. Since the ECB Board of Directors will be held on Thursday, it is thought that there will be remarks on the economic recovery from the new Corona, and it is assumed that expected buying will continue. […]
Euro rate is swinging, German constitutional court judges that some ECB actions are against the constitution
The German Constitutional Court ruled that some actions against the ECB’s QE were against the constitution, 7-1. It is also reported that the ECB will be ordered to correct the QE within three months. The Eurodollar, which had once fallen to the 1.0885 level and had an advantage in sales before the announcement, rebounded to […]
Sell EURUSD, EUR gonna be week!
To Take On Coronavirus, B.O.E. Cut Rates. Europe’s Central Bank Has Fewer Options.Christine Lagarde, the bank’s new president, is facing her first big crisis. She doesn’t have much room to maneuver. The Bank of England launched an unexpectedly powerful attack on the economic effects of the coronavirus Wednesday. Now it’s the European Central Bank’s turn.Christine […]