OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: Central banks have more bullets

ECB removes limits to bond-buying in each member state while US Federal Reserve Chief Powell said the US may already be in recession, Valeria Bednarik from FXStreet informs.

Key quotes

“US Fed’s Chair Jerome Powell was on the wires this Thursday, saying that the Federal Reserve is not going to run of ammunition, hinting additional easing is available if needed.” 

“The ECB has started its bond-buying program, changing the usual limits. In a legal document released today, the central bank announced that the limit to a third of each of its member states’ debit, should not apply.” 

“US unemployment claims jumped to 3.28 million for the week ended March 20, breaking all charts, although the news barely affected currencies.”

 

BoE: Corona shock to weaken the sterling – Nordea

While no policy changes were made today, the Bank of England (BoE) stands ready to adjust its asset purchase programme. Analysts at Nordea see more GB
Read more Previous

S&P 500 Price Analysis: US stocks trades in 7-day’s highs, strong resistance ahead

The S&P 500 is pulling back up after suffering one of the sharpest decline in history. While the market is correcting and some investors call for a v-shaped re
Read more Next
Start livechat