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  1. #1
    Senior Member LeeChang's Avatar

    Exclamation ECB Interest Rate announcement in 15 minutes! !!!

    Hi, guys!

    ECB rate decision is in 15 minutes. Watch it! The markets are very calm now but without any doubt we will see great volatility after the announcement. In both cases – rate cut or no cut there will be strong movements, which could offer good opportunities for short term trades!

  2. #2
    Senior Member LeeChang's Avatar
    ECB decreased its rate to 0.50%. The first reaction was selling the Euro, but it last only few seconds and than strong buying activity lead the EUR/USD pair up to 1.3210.

  3. #3
    Veteran Member uj.forex's Avatar
    ECB may reduce the rates further to 0.25%

    investors are still holding their money due to high uncertainty in the eurozone... gold bearish, US equity market on its highest levels.. dollar performing strongly... no apparent reason to put money in Euro...

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