Euro foreign exchange reference rates

Forex - Yen Weaker, Euro Steady Ahead of ECB Meeting

Forex - Yen Weaker, Euro Steady Ahead of ECB Meeting submitted by Gdog1243 to aboutForex [link] [comments]

Forex - Euro Inches Up After ECB Meeting; Yen Down on Trade Hopes

Forex - Euro Inches Up After ECB Meeting; Yen Down on Trade Hopes submitted by Gdog1243 to aboutForex [link] [comments]

Yen places its opponent in check. Analysis as of 04.11.2020

Yen places its opponent in check. Analysis as of 04.11.2020

Monthly fundamental forecast for yen

While the greenback is waiting for the election's final results, trading currency cross rates may be worth considering. The US political landscape will undoubtedly affect most currencies, but the pandemic remains a weightier factor in Forex pricing in the medium and long terms. The strategies based on the divergence in epidemiological situations, economic growth, and monetary policies continue to yield profits. Another confirmation is the realization of the targets at 122.9 and 121.8 set in mid-October for shorts in the EURJPY.
COVID-19 hit Japan less than the eurozone: in terms of Coronavirus cases per 100,000, Japan is one of the countries that tackle the pandemic most efficiently, along with China, Taiwan, and South Korea. The situation in Belgium, Spain, and Italy looks gloomy, on the contrary.

Recession and pandemic


Source: Financial Times.
As a result, Europe is forced to introduce new restrictions, which will cut the eurozone's Q4 GDP by 2.3%, according to Financial Times. Thus, a double recession is certainly in the air. The organization of economic development and cooperation expects that the currency block's economy will reduce 7.9% in 2020, i.e., twice as much as during the previous global crisis. I dare suppose that the second wave may even downgrade those forecasts.
The BoJ expects that the Japanese GDP will fall by 5.5% by the end of the 2020/2021 fiscal year in March. Japan's economic loss doesn't look as significant as the eurozone's since the efficiency of anti-pandemic measures in Asia is higher than in Europe.

GDP dynamics

Source: Financial Times.
Christine Lagarde is sure the ECB will expand a monetary stimulus package in December as the coronavirus is spreading fast across Europe. Haruhiko Kuroda and his colleagues are ready to take action if necessary, but the BoJ's Head has not seen such a necessity so far. Both regulators got caught in a liquidity trap where softer monetary policies do not have any positive effect. Both agree to play currency wars, but the ECB's intentions are manifest, and the euro is therefore falling faster than other G10 currencies.

Monthly trading plan for EURJPY

The situation may seriously change soon: vaccines' development will support the global economic recovery and international trade, which is positive news for the euro. The European countries will lift restrictions, and Christine Lagarde's hints about QE expansion will remain mere hints. According to Governor of the Austrian National Bank Robert Holzmann, there is no point in increasing buy volumes as the inflation won't speed up anyway. Instead, a change in the QE program's structure must be in focus.
This scenario looks too optimistic, though. But why not hope for the best and use the EURJPY's drawdown to 120.65 for long-term buying?
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/yen-places-its-opponent-in-check-analysis-as-of-04112020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

[Diplomacy] China-EU FTA

[Closed--as much as any trade negotiation with the EU can be]

The EU has slowly been extending its vast array of free trade agreements to cover much of the world, and, quite simply, China, as a member of our peaceful and prosperous rule-based international order, wants in.

This new FTA would massively expand the EUs zone of free trade, increasing it by nearly twenty trillion, as well as increasing our trade ties with the world by a roughly equivalent amount.

While we understand that developing this trade agreement will be a difficult and complex task, we have some thoughts on where to start:

European Concessions



Chinese Concessions


Joint Projects



These are really just a starting point, and we'd like to hear the EU's thoughts on this matter. Negotiating trade agreements with the EU is known to be difficult, but we think we may find it worthwhile.
submitted by AmericanNewt8 to Geosim [link] [comments]

Dollar left devastated by surprise Fed rate cut

This is the best tl;dr I could make, original reduced by 60%. (I'm a bot)
TOKYO - The dollar fell to a five-month low versus the yen after an emergency 50 basis point cut in interest rates by the U.S. Federal Reserve was deemed insufficient to offset downside risks posed by the global spread of the coronavirus.
The euro was one of the currencies to benefit most from the broad-based dollar weakness as traders bet the Fed will cut rates more than the European Central Bank.
"This Fed rate cut is bad for dollayen, partly because Treasury yields are now very low. The dollar's weakness is reflected in the euro, because the Fed will likely ease more that the ECB.".
The Fed surprised investors by cutting rates by 50 basis points to a target range of 1.00% to 1.25% on Tuesday, two weeks ahead of a regularly scheduled policy meeting.
Interest rate futures traders pricing in a 51.4% probability of a further 25 basis point cut in April, according to the CME Group's FedWatch Tool.
The rate cut failed to arrest a sell-off in U.S. equities and sent benchmark 10-year Treasury yields crashing to a record low 0.906%, further reducing the appeal of the dollar.
Summary Source | FAQ | Feedback | Top keywords: cut#1 rate#2 dollar#3 trade#4 Fed#5
Post found in /worldnews and /Economics.
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Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to MagaFirstNews [link] [comments]

Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to TheRightPill [link] [comments]

Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to The_NewDonald [link] [comments]

Euro’s bounce slows as focus shifts back to economy, ECB policy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company’s headquarters in Vienna, Austria, March 3, 2016. REUTERS/Leonhard FoegerFebruary 19, 2019
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.
The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.
The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.
The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.
The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.
“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
“There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
ECB policymakers will next meet on March 7, when the bank’s staff are expected to slash growth and inflation projections as the euro zone suffers its biggest slowdown in half a decade.
The dollar was a shade lower at 110.59 yen after gaining a modest 0.15 percent overnight.
The Australian dollar was flat at $0.7129 after dipping 0.15 percent the previous day.
The immediate focus was on the minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting held at the start of the month.
Governor Philip Lowe on Feb. 6 opened the door to a possible rate cut by acknowledging growing economic risks, in a remarkable shift from its long-standing tightening bias that sent the Aussie tumbling.
Source: OANN
from MAGA First News https://magafirstnews.com/oan-newsroom/euros-bounce-slows-as-focus-shifts-back-to-economy-ecb-policy/
via IFTTT
submitted by peterboykin to The_NewDonald [link] [comments]

Any interest in creating threads (trading narratives) to follow things like Gold, Oil, Risk Off, China, etc.

Forex is about big shifts in the global economies. George Soros didn't get rich scalping price action, he bets big on big movies. To have the confidence to bet big, you must see a narrative forming that gives you a strong backdrop to support your trades. Once you have established the direction of the wind, you can more confidently gauge your risk and lean into the price action if it turns against you.
I've seen a few narratives come and go over the past year. Strong dollar, weak Euro was a great one that ended tragically with the ECB meeting in December. I recall the market being firmly on the side of parity, but Draghi didn't deliver and it unwound rather quickly bringing us from 1.05 to 1.13.
Weak Yen, with projections of 130 was another strong narrative from last year, that has unwound. It seems that each narrative reaches an extreme, consolidation and then a snap back to reality, so you have to be cautious on older narratives.
This year started out with Oil and risk off leading the market, but they have since reached a consolidation point. Gold seems to be still on the move.
My question to the community, is if they're interested in keeping threads around that allow us to chat about news within the context of a narrative.
The number #1 rule in this subreddit, is no empty news articles and I agree, but when news is categorized within a larger context, they begin to add up to something more informative.
For example, if we started a new thread named:
[Trading Narrative] Gold
Then we can post all news we read about gold within that thread and discus whether it is bearish or bullish. If more supply is coming online, bearish. If miners are closing down, bullish. If world economy is tanking, bullish. etc.
Maybe Reddit is not the best forum for this type of discussion, but what do you think?
And what kind of narratives do you see developing in 2016?
submitted by fugaziiifx to Forex [link] [comments]

Euro reaches two-and-a-half year high after Draghi refrains from talking down currency

This is the best tl;dr I could make, original reduced by 59%. (I'm a bot)
TOKYO - The euro extended gains to a 2-1/2-year high against the dollar on Monday after the European Central Bank president held back from talking down the currency and as markets worried about the impact of Tropical Storm Harvey on the U.S. economy.
The common currency had already surged about 1 percent on Friday after ECB President Mario Draghi spoke at the Jackson Hole conference on subjects such as global trade but did not touch upon the euro's recent strength.
The euro had gained an initial lift against the dollar after Federal Reserve Chair Janet Yellen made no reference to U.S. monetary policy at Jackson Hole.
"I don't think expectations were that high in the market that Draghi would talk down the euro at Jackson Hole. Even if he had done so, the euro likely would have risen anyway," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
"A strong euro cannot be a source of complaint for a region like the euro zone which is blessed with a large current account surplus, a steady economy and is not threatened by deflation. It was thus an opportunity for speculators to buy the euro without much concern."
With much of the immediate focus on the euro after Jackson Hole, the dollar did not fare as badly against the Japanese yen.
Summary Source | FAQ | Feedback | Top keywords: euro#1 dollar#2 percent#3 bond#4 high#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Euro set for biggest daily fall of 2017 vs. dollar

This is an automatic summary, original reduced by 50%.
LONDON Beset by political worries, the euro was set for its biggest daily fall of 2017 on Tuesday as broad gains halted a four-week run lower in the U.S. dollar.
Both represent large risks to the euro project as a whole and the cost of hedging volatility in the single currency against the dollar around the time of the final French vote on May 7 EUR3MO= rose to its highest in over a week.
The dollar, recovering from its worst start to a year in three decades, gained against a basket of other currencies, rising 0.7 percent.
"The euro is on the defensive, with markets nervous not only about European political risks but also the upcoming reduction in ECB bond purchases," said Jeremy Stretch, head of currency strategy at CIBC. "All in all it's been a virtuous tailwind for the U.S. dollar this morning and there is also fear of capital flight which is feeding safe-haven flows."
The Japanese yen gave up earlier gains against the dollar and at 0900 GMT was down 0.4 percent at 112.12 yen to the dollar JPY=EBS. But the yen's relative outperformance compared to the euro underlined the perceived risks to the dollar from U.S. trade policy and signs the Trump White House would rather it did not gain further.
"Until we have answers to some of the big questions I can't see any free space for dollar bulls to run into. They are fearful of what the administration is prepared to do to actually keep a lid on the dollar."
Summary Source | FAQ | Theory | Feedback | Top five keywords: dollar#1 gain#2 currency#3 yen#4 euro#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Volatility and weak oil continues to dampen sentiment as ECJ judgement looms

Market Overview
Volatility remains high on global financial markets and this means that traders and investors are getting thrown around on a daily basis. The commodity story is a major cause for concern as the oil price continues to plummet and with metals such as copper also falling 5% on the day there are considerable questions over a lack of demand that are plaguing markets. Safe haven plays have done well in recent days and the classic safe haven currency, the yen has significantly strengthened. Volatility indices such as the VIX are back on an upward trajectory which is also not positive for equity markets, which have a negative correlation. Into today there will also be nerves over the European Court of Justice which gives a ruling over the legality of the ECB’s life support programme the European Stability Mechanism, which was put in place as a backstop after Mario Draghi pledged to do “whatever it takes” to save the Eurozone. Depending on the outcome, hopes of the implementation of QE could be dashed today.
Wall Street had a rather wild session, having been strongly higher and then strongly lower, markets closed only slightly weaker with the S&P 500 down by 0.3%. Asian markets have also struggled overnight as the World Bank cut its forecasts for global growth in 2015 from 3.4% to 3.0%. With the strengthening of the yen, the Nikkei has also come under pressure and was down 1.7%. European markets are responding to the overnight selling pressure and are sharply lower in early trading.
In forex trading, there has been a safe haven shift. The yen is the main beneficiary, with the commodity currencies (Aussie, Kiwi and Canadian Loonie) all under pressure. It is interesting also that both the euro and sterling continue to consolidate against the dollar.
The main news today is the ECJ announcement, but there is also US Retail Sales to consider at 13.30GMT. The consensus forecast is for a slight month on month gain in December of +0.2% (versus +0.7% in November, which did though contain Black Friday). Bank of England governor Mark Carney is also due to speak at 14.15GMT about the Financial Stability Report which may have an impact on sterling.
Read the full article here: bit.ly/14UAHqd
(This article belongs to Richard Perry)
submitted by teodorasevastru to Forex [link] [comments]

Rüdiger Born - YouTube Video: Dollar Stems the Bleeding but ECB Has Power for EUR/USD Trend Forex Technical Analysis: EUR.JPY USD Price Action Setups Ahead of ECB (EUR/USD) Forex : DailyFX Roundtable: Tracking FX & Risk Sentiment Ahead of RBA, ECB Meetings Forex News: 29/10/2020 - Stocks tank, yen shines amid ... DailyFX: ECB Meeting Preview & Euro Outlook Forex - Euro Unchanged After ECB; Yen Near Flat Amid China Virus Concerns The Of FOREX-Euro advances as ECB eases strong-currency ...

Forex: Euro unverändert nach EZB-Sitzung - Yen etwas schwächer That said, Nordea doesn’t expect the euro to receive much lasting support from the central bank, “as the bar for the market to price in any notable ECB tightening remains high.” Forex - Yen ... FOREX-Dollar firms, euro hurt after ECB signals further easing. By Eimi Yamamitsu. 4 Min Read * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E. TOKYO, Oct 30 (Reuters) - The dollar firmed on ... The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. The euro foreign exchange reference rates (also known as the ECB reference rates) are published by the ECB at around 16:00 CET. Reference rates for all the official currencies of non-euro area Member States of the European Union and world currencies with the most liquid active spot FX markets are set and published. The ECB aims to ensure that the exchange rates published reflect the market ... Forex - Euro Unchanged After ECB; Yen Near Flat Amid China Virus Concerns Add a Comment. Related Articles. Dollar Weakens as Data Disappoints; Sterling in Focus By Investing.com - Sep 18, 2020. By ... Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise . By. ActionForex.com - Oct 29, 13:25 GMT. Facebook. Twitter. Google+. Pinterest. WhatsApp. Linkedin. Email. Print. After a brief pause ...

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Rüdiger Born - YouTube

DailyFX: ECB Meeting Preview & Euro Outlook DailyFX. Loading... Unsubscribe from DailyFX? ... Millions of traders from around the world seek out DailyFX for up-to-date forex alerts, news and ... Join DailyFX Strategists Paul Robinson, David Song and Tyler Yell for a roundtable discussion on key trade setups ahead of the RBA & ECB interest rate decisions. Overview includes: U.S. yields ... How to trade Forex: Euro vs. Yen This signal was sent to Team FXG on March 19th 2019 Visit www.forexgentleman.com to join for free with a 7 day free trial! The Euro was unchanged against the U.S. dollar on Friday in Asia after the European Central Bank (ECB) launched a broad review of its policy and held rates steady. The EUR/USD pair was unchanged ... - We then moved over to EUR/USD as one of the more attractive short-side USD plays. The pair put in a bounce off the top of a key zone of support, producing a higher-low from the swing set earlier ... Talking Points: • Despite the Dollar's nasty tumble this week, the currency continues to escape a speculative avalanche • Risk trends firmed, this time with global equities and broader risk ... Risk Warning: 77.19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high... Forex.Today: - Technical Analysis Trade Planning for FOREX - Thursday 16 July 2020 Forex.Today 178 watching Live now TFNN LIVE - Stocks and Options Trading News and Education tfnncorp 315 watching Play next; Play now; Rüdiger Born: 1 Jahr "Trade des Tages" und jede Menge Action bei Dax, Öl und Forex CLICK HERE FOR MORE INFO: https://rebrand.ly/forex33 And start earning in the Forex Market Now! In our expanding multinational company environment, there are...

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