Tag: Euro

September 04, 2014 BY Mike Fox

ECB cuts key rates in surprise move - brokers welcome volatility

The European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…

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September 03, 2014 BY Mike Fox

Swissquote Daily Technical Report: Gold - The symmetrical triangle has been broken to the downside

In Swissquote’sWednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/GBP and Gold. To view and download the entire report, click here (PDF). EUR/GBP: Bouncing sharply • EUR/GBP surged higher yesterday. The resistance at 0.7970 (20/08/2014 low) has been breached, but the…

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