ECB restarts QE. Decision of September 12, 2019

ECB Monetary policy decision.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

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(1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. Continue reading

China plans to release its own cryptocurrency in November 2019

China plans to issue its own crytocurrency as early as Nov. 11, the country’s busiest shopping day for online sales, U.S. financial magazine Forbes said, citing two sources familiar with the matter.

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The People’s Bank of China (PBOC) has been exploring the possibility of launching its own digital currency since 2014 to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply. Continue reading

Australian Securities and Investments Commission (ASIC) plans to ban binary options trading

On August 22, 2019, the Australian Securities and Investments Commission (ASIC) issued a document (19-220MR) proposing to prohibit the trading of binary options for retail traders.

Australian Securities and Investments Commission

The same document also proposes to significantly limit the trading of CFDs (CFDs). Continue reading

The historic FOMC decision – cut rate to 2.25%

For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.

Donald Trump,Jerome Powell

Below is the full text of this historic decision. Continue reading

Happy New Year 2019 !!!!

Congratulations to all readers of FXTAA.com with the New Year 2019 !!!

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We wish you the right deals, good luck and always be on the wave of the trend !!! Love and happiness to you and your families.

Central Bank of Russia terminated licenses from five forex brokers

The Central Bank of Russia revoked licenses from brokers – Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group.

Central Bank of Russia

Decisions on this are posted on the website of the Central Bank of Russia. Continue reading

Merry Christmas to all FXTAA.com readers

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We wish you good luck in the market and profitable trades next year and give you this video. Continue reading

FOMC rises rates (2.5%) decision from December 19, 2018

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.

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 Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading

Historic ECB monetary policy decision -13 Dec. 2018

At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

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The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Continue reading

Brexit vote delayed – Teresa May appeared as Gollum

Teresa May did not dare to bring the agreement on the withdrawal of Great Britain from the European Union to the final vote in Parliament. Voting on the transaction postponed indefinitely.

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Meanwhile, a funny video was posted on the Internet, in which British actor Andy Serkis once again performed the role of Gollum (the character of the Lord of the Rings trilogy) as British Prime Minister Theresa May. Continue reading