21 Jan 2015
More Central Bank bombshells - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted how investors got a couple more Central Bank’s bombshells this Wednesday, as if last week SNB movement was not enough.
Key Quotes:
"A quiet market went wild after news hit the wires that two euro-area central-bank officials said the ECB Executive Board has proposed quantitative easing of 50 billion Euros a month until the end of 2016."
"Earlier on the day BOE Minutes weighted on Pound as all 9 voting members decided to keep rates on hold, diluting chances of a rate hike in the UK during this 2015."
"And right after ECB news, the Central Bank of Canada cut its rate by surprise down to 0.75%: USD/CAD jumped over 300 pips dragging AUD and Gold lower, this last, losing roughly $20 in a couple hours."
Key Quotes:
"A quiet market went wild after news hit the wires that two euro-area central-bank officials said the ECB Executive Board has proposed quantitative easing of 50 billion Euros a month until the end of 2016."
"Earlier on the day BOE Minutes weighted on Pound as all 9 voting members decided to keep rates on hold, diluting chances of a rate hike in the UK during this 2015."
"And right after ECB news, the Central Bank of Canada cut its rate by surprise down to 0.75%: USD/CAD jumped over 300 pips dragging AUD and Gold lower, this last, losing roughly $20 in a couple hours."