EUR- ECB official interest rate: 0.050 and -0.20 on deposit facility.
GBP-BoE offiial interst rate: 0.50
Comment: ECB will keep this low reate for some time and also ECB has started a QE programm of 60 bilion euros…Continue
Outlook in EURUSD remains on the downside as long as 1.1379 resistance holds on a daily closing basis , support comes at the 1.1087 levels , a halt is likely , but a cut would open 1.0966 next , further down will target the 1.0835…Continue
Outlook in GBPUSD remains neutral with risk to the upside as long as 1.5342 support holds on a daily closing basis , but the pair has printed resistance at the 1.5428 levels yesterday . What’s that supposed to mean ?!!!!
The Russian ruble has recorded its biggest monthly gain since the early 1990s amid higher oil prices, an easing of the fighting in eastern Ukraine and a less intensive foreign debt repayment schedule as it claws back some of the losses it…Continue
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