Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you sho

Sustained increase in market interest rates could derail the Eurozone economy's recovery from the coronavirus pandemic-induced slump, European Central Bank President Christine Lagarde said Thursday as the bank decided to accelerate its bond purchases over the next quarter. "Market interest rates hav

Ahead of the European Central Bank (ECB) President Christine Lagarde’s speech, the Governing Council member and Bank of France Head Francois Villeroy de Galhau crossed the wires, via Reuters, with the key quotes found below. “We will keep favourable monetary conditions as long as necessary.” “We are

EURUSD contained by 1.1160 Overall bullish structure in peril  The EURUSD is at a key level hours before President Lagarde's speech where we will finally have a look at the new President's ideas on monetary policies for the Euro Zone and most importantly her reaction to Mario Draghi's last stunt

According to analysts at Nordea Markets, ECB will leave rates unchanged at Lagarde’s second policy meeting and focus will be on the strategic review. Key Quotes “We change our forecast and no longer expect further easing! Risks are tilted towards slightly higher rates as an immediate market response

At 7.30 am ET Thursday, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on December 11 and 12. Ahead of the release, the euro held steady against its major counterparts. The euro was worth 1.1162 against the greenback, 122.76 against the y

EUR/USD registers another U-turn from the 1.1180/75 resistance area. A bearish candlestick formation keeps the sellers hopeful. August month high adds to the resistance. EUR/USD marks another U-turn from the familiar 1.1180/75 resistance zone as it trades near 1.1150 during Wednesday’s Asian sessio