The European Central Bank will almost certainly leave the monetary policy unchanged following the meeting on Thursday, but it can recognize a sharp slowdown in economic growth, increasing the chances of postponing further normalization of policy. The ECB completed a € 2.6 trillion ($ 2.96 trillion) bond buying program in December and confirmed the forecast that the regulator is likely to raise the interest rate later this year. However, the growth of the economy seems to have been weaker than was thought just a few weeks ago. This suggests...
The Bank of Japan lowered inflation forecasts on Wednesday and warned about growing risks for the economy due to sluggish global demand, leaving unchanged super-soft monetary policy. The Japanese Central Bank also reiterated that it is waiting for the continued growth of the country's economy at a moderate pace. Many analysts are worried about the prospects for the third largest economy in the world against the background of growing pressure on global growth due to the trade war between the United States and China, Japan’s largest trading...
As is widely known, if one participates in the Equity or Futures markets, there is always a commission charge for taking a trade. This charge pays the broker for allowing the position to be taken in the first place. However, when it comes to Forex trading, the situation is slightly different in that traders do not pay a direct commission to the firm, but rather are faced with a spread on the currency pair which they choose to trade. This spread varies among currency pairs, but the structure is always the same across every Forex broker and...
President Xi addressed the Chinese political elite in an unusual meeting which was later described as a “seminar”. This event took place on the same day the country reported its weakest GDP expansion in almost ten years and offered a fresh sign that the ruling party is worried about the social impacts of a slowing Chinese economy. Some analysts have pointed out that annualized GDP growth below 7.0% would result in social problems, especially in rural communities. GDP growth slowed down to 6.4% annualized in the fourth-quarter of 2018. Xi told...
William Eckhardt long ago gained a reputation as a successful trader and mentor in forex trading in the world of finance, and one of the founding fathers of currency trading. Eckhardt is the owner of his own financial company, which every year brings him more than significant income. Back in college, he made friends with Richard Dennis. Both of them had only a few hundred dollars, but in only 20 years they increased their own fortunes up to the size of several hundred million. Such a result of the trading tandem rests on two whales: in...
