Supporters of digital payment schemes like to push the idea that a cash-free future is just around the corner, but fully three quarters of all Euro zone payments at the point-of-sale are still made in cash, according to the European Central Bank. The data comes from a survey conducted by the ECB to mark the…
Read moreMario Draghi's speech was today interrupted by a female protester who shouted and wore a t-shirt defaming the European Central Bank
Read moreDespite continual financial woes in the Eurozone, some analysts consider that conditions may sufficiently improve that the 60 billion euro per month bond buying measures could be scaled down early
Read moreThe pan-European currency approached an 11-year low as Mr. Draghi’s quantative easing measures exceeded a proposal the ECB was said to have considered for 50 billion euros a month. Euro drops in value after announcement
Read more“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read moreScotland referendum uncertainty + surprise ECB action = a banner month for Forex trading
Read moreWe're still in the midst of reporting August FX trading volumes, however in a few weeks we should see a major improvement from the so-far-slow 2014 when September figures roll around. As expected, yesterday's surprise ECB rate cut caused not just a 1%+ drop in the Euro against major currencies, but also engendered a spike…
Read moreThe (unhedged) forex broker's nightmare... The EURUSD fell by more than one percent in one giant step on Thursday, following news of (another) surprise rate cut by the ECB. The European Central Bank cut its key interest rate to 0.05 percent, as of September 10. The rate on the ECB's deposit facility will be cut still further into…
Read moreThe 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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