THE TAKEAWAY: ECB and BOE maintain benchmark rates > EURUSD dips below $1.2900 Market liquidity is thin today while Americans are celebrating Independence Day. However there is no shortage of market moving events. Within a 45-minute period, both the Bank of Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10900.32 10914.08 10849.88 0.35 83.29% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) added another 0.35 percent as the Bank of England (BoE) and European Central Bank (ECB) laid out forward-guidance Read More →

THE TAKEAWAY: EUR European Central Bank Rate Decision > Key Rate on Hold at 0.50%, Deposit Facility Rate on Hold at 0.00% > No Implementation of Negative Rates, but Introduction of “Forward Guidance” > EURUSD BEARISH What was expected to be Read More →

THE TAKEAWAY: BoE releases forward guidance concerned with interest rates and growth -> Asset Purchase Target and Interest Rate remain unchanged -> Pound sells off on guidance The Bank of England released slightly dovish forward guidance with its July interest rate Read More →

The Euro and British Pound may rise as the European Central Bank and the Bank of England opt to maintain the status-quo setting of monetary policy. Talking Points Euro May Rise as ECB Policy Remains on Hold Despite Portugal Turmoil Pound to Rise Read More →

Trading the News: European Central Bank Interest Rate Decision What’s Expected: Time of release: 07/04/2013 11:45 GMT, 7:45 EDT Primary Pair Impact: EURUSD Expected: 0.50% Previous: 0.50% DailyFX Forecast: 0.50% Why Is This Event Important: The European Central Bank (ECB) interest rate decision may have a limited impact Read More →