Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
As expected the ECB delivers a 0.25% rate cut- EUR/USD rises to new 2025 highs (corrected)
The European Central Bank (ECB) have just announced what pretty much everyone expected and that was a 0.25% reduction in all three benchmark rates. The deposit facility rate has been cut to 2.5% from 2.75%. The EUR/USD was pretty pivotal and hovering around the 1.0800 handle leading into this decision. The price action since has seen it dip slightly, but immediately reversed as the accompanying statement has been tweaked to suggest that policy is not so restrictive. That could infer this might be the last cut from the ECB for the foreseeable future. That is not guaranteed though, but it has lifted the EUR/USD to a new 2025 high above 1.0840, as the markets eye this as a hawkish outcome
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
