Investors look to Fed and BoJ meetings next week for a fresh directional impetus. For more info on how we might use your data, see our privacy notice and access policy and privacy webpage. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.
Find out how you can take advantage of EUR/USD price movements with IG. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. Gold preserves its bullish momentum and trades near $2,580 after plus500 canada setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher. The European Central Bank (ECB) lowered the benchmark interest rate, the deposit facility, by 25 basis points (bps) to 3.5% as expected.
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The US economic calendar will feature the University of Michigan’s Consumer Sentiment Survey for September, which is unlikely to influence the USD’s valuation. FTSE 100 from 4 points and more 24-hour markets than anywhere else. Stay on top of upcoming market-moving events with our customisable economic calendar. Try a risk-free trade in your demo account, and see whether you’re onto something. Find opportunity on the world’s most-traded – and most-volatile – financial market.
The ECB also lowered interest rates on the marginal lending facility and the main refinancing operations by 60 bps. “The Governing Council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction,” the ECB noted in the policy statement. In the post-meeting press conference, ECB President Christine Lagarde refrained from hinting at the timing of the next rate cut. Use this to see how IG client accounts with positions on this market are trading other markets.
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While the Fed looked to increase interest rates in response to a strengthening economy after 2008, the ECB had to keep interest rates low and introduce a quantitative easing programme to boost spending in Europe. EUR/USD (or euro-dollar) does not have a very long history, as the euro only came into existence as a digital currency in January 1999 and a physical currency in 2002. However, this young forex pair quickly became the most popular by trading volume.
CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. The percentage of IG client accounts with positions in this market that are currently long or short. On a yearly basis, the Producer Price Index (PPI) rose 1.7% in August in the US, down from 2.1% in July and below the market expectation of 1.8%.
EUR/USD – Euro US Dollar
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WTI is forming short-term bullish reversal patterns on the daily and weekly charts. Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs. IG is a trading name of IG Limited a company registered at 2702 & 2703 Level 27, Tower 2, Al Fattan Currency House, DIFC, Dubai, United Arab Emirates. IG is authorised and regulated by the Dubai Financial Services Authority (DFSA) under reference No. EUR/USD is referred to as ‘euro-dollar’ because it’s the pairing of the euro – the currency of 19 European countries – and the US dollar. EUR is the currency code for the euro and USD is the currency code for the US dollar.
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EUR/USD gains as soft US PPI renews Fed rate cut size debate
Your profit or loss will depend on how accurate your prediction is, meaning it is possible to profit whichever way the market moves. One of the most closely watched currency pairs today is EUR/USD – also called the euro-dollar. This forex pair is particularly interesting in light of Brexit and the US-China tensions.
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Data is calculated to the nearest 1%, and updated automatically every 15 minutes. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. All forms of investments carry risks and trading CFDs may not be suitable for everyone.
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- Find opportunity on the world’s most-traded – and most-volatile – financial market.
- The divergent Fed-BoJ policy expectations continue to weigh heavily on the pair.
- The uncertainty surrounding the final Brexit deal continues to affect euro pricing, with Britain expected to leave the EU in October 2019.
- In the post-meeting press conference, ECB President Christine Lagarde refrained from hinting at the timing of the next rate cut.
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