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European Central Bank cuts interest rates and restarts QE policy

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  • European Central Bank cuts interest rates and restarts QE policy

    The European Central Bank (ECB) yesterday (12th) interest rate decision meeting, if the market expects to announce, will further reduce the bank's excess reserve deposit interest rate from minus 0.4% to minus 0.5%, and restart the monetary quantitative easing policy from November this year(QE), will continue to buy 20 billion euros of assets each month.
    The European Central Bank's (ECB) new easing policy, including interest rate cuts and the launch of the quantitative easing policy (QE) for the unfinished timetable from November, and the expansion of the banking sector loans from September, and the adjustment of interest rate policy guidelines The faction is the final task of President Draghi before he leaves office at the end of October. However, the current market dominance of the European Central Bank (ECB) is not as good as the previous dominance,
    so after the intraday plunging, there is a sharp rebound.

    Forex - Technical Analysis (Gold XAUUSD):
    1.png
    Today's foreign exchange gold (September 13) early in the morning at 1498.7 US dollars / ounce, from the technical analysis, 1 hour level observation trend surged and plunge, affected by the dollar, so that gold once again pulled back to finishing, so after the stability, there is a chance to rise again .
    At present, the pressure range above the short-term is located at 1506~1506.5 US dollars/ounce. In the downward direction, the initial support range is 1490~1490.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1495.5 US dollars. To the 1497.5 US dollars / ounce range of light warehouse buy, MT4 operation stop loss point can be set to 1493.5 US dollars / ounce below.

    Forex - Technical Analysis (Nasdaq Index Nas100):
    2.png
    Today's foreign exchange Nasdaq (September 13) early in the morning near 7912.1, from the technical analysis, the 1-hour line level observation trend was affected by interest rate cuts, making the market liquidity increase, there is a big uptrend, so there is a chance to go back to the finishing rise.
    At present, the pressure range above the short-term line is located at 7980~7990 points, the downward direction, the initial support interval is 7850~7860 points, and the operation mentality is mostly short. Investors who want to enter the market for a short time can consider buying in the 7910 to 7920 range. In, the stop loss point can be considered to be set below the 7890.

    Today's key data:
    1.Eurozone July quarter adjusted trade account (100 million euros)
    2.US August retail sales monthly rate
    3.US August import price index monthly rate
    4.US July commercial inventory monthly rate
    5.US September University of Michigan Consumer Confidence Index

    For more information, please visit Forex and MT4
    Attached Files

  • #2
    Meanwhile the FCA is preparing for no-deal Brexit, so watch out for major quakes on the GBP front.

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    • #3
      I do not even know who is really holding money in EUR banks anymore, they really do charge money for deposits being made and how does that correlate with everything else out there totally and completely. How do you really make it possible anyway.

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      • #4
        Don't most ordinary people do? The blue-collar or even most middle-class white collar workers aren't going to go through the trouble of moving their money offshore.

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