FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1720
BTC/USD
42 453.14
GBP/USD
1.3685
USD/JPY
110.7455
USD/CHF
0.9235
USD/CAD
1.2661
EUR/JPY
129.7948

Coronavirus pandemic continues to gather pace


13 March 2020

On Thursday, March 12, trading on the euro ended up down. After ECB President Christine Lagarde’s speech, the EURUSD pair fell to 1.1056. Following the meeting, the ECB decided to leave the refinancing rate unchanged at 0.0%. The deposit rate remained at the previous level of -0.5%. The regulator increased its plans for the purchase of government bonds by 120bn. EUR (by the end of the year - not monthly). The press release confirmed that the QE program will work for as long as necessary, and will end shortly before the next rate increase

By the close of the day, the price recovered to 1.1226. Growth was accompanied by a collapse in stock indices. The S&P index fell by almost 10%. During the American session, stock indices looked to gain a boost from the US Federal Reserve announcement, which allocated $1.5 trillion USD to increase liquidity in the financial markets. None of these measures did enough to calm investors.


Today’s news (GMT+3):

The EURUSD pair had been floating around within the zone located above the line D4. The collapse of stock indices helped the single currency to make its way out of this zone. At the time of writing, the euro is worth 1.1205.

The coronavirus pandemic continues to gather pace. A significant increase in the number of cases in developed countries serves only to provoke governments to take reactive measures to limit the movement of people and to close various public institutions. Mortality from the total number of infected increased to 3.6%. In Italy, the figure stands at 6.6%. Investors fear a serious recession in the global economy.

Asian stocks traded in the red zone today. Futures on the S&P500 and DJIA rose by 3.9%. It can be assumed that the peak of the “panic” has passed, and European indices will open with growth. On the back of Christine Lagarde’s speech, we can expect the pair to fall back to 1.1120, around the 90th degree.

Share:

#source

Related

Space tourism takes off and opens colossal market
Space tourism takes off and opens colossal market

Space tourism is definitely on the rise. According to Bank of America Merrill Lynch, it could represent USD 2.700 billion by 2045, against 400 billion today...

24 Sep 2021

All Eyes On The BOE Meeting
All Eyes On The BOE Meeting

US and European futures are trading higher today, following the Fed’s announcement yesterday that the economy is exhibiting signs of strength and...

23 Sep 2021

Stocks steady on Evergrande debt assurance
Stocks steady on Evergrande debt assurance

Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet

23 Sep 2021

Stock Futures Trade Sharply Lower
Stock Futures Trade Sharply Lower

Futures in the United States and in Europe are trading sharply lower as investors worry about the domino effect of Evergrande’s massive plunge on the Chinese property market..

21 Sep 2021

Oil market: the unbalanced demand and supply
Oil market: the unbalanced demand and supply

Oil prices climbed to higher grounds in the most recent daily sessions adding further to its upward momentum formed so far in September. The Oil market is running...

21 Sep 2021

US Markets lost major support, Asian Indices are melting
US Markets lost major support, Asian Indices are melting

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost...

20 Sep 2021


Editors' Picks

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.