Europe's central bank has lost a court case which would have mandated relocation of firms managing financial trades in euros from London to the Eurozone. With London a strong world financial center, this ruling marks a milestone victory which ensures the continued presence of the electronic trading sector in its de facto home
Read moreThe EURUSD took a significant tumble following today's announcement that Germany had rejected Greece's repayment extension proposals, with the European central currency declining a whole cent by 9,00am
Read more"Such a mis-pricing of sovereign risk within the Eurozone was a key feature of the pre-credit crisis environment. Whilst premium are wider (Italy just over 1% above Germany, vs. 0.2%-0.3% in 2007), yields are lower." - Simon Smith, Chief Economist, FxPro
Read moreThe pan-European currency approached an 11-year low as Mr. Draghi’s quantative easing measures exceeded a proposal the ECB was said to have considered for 50 billion euros a month. Euro drops in value after announcement
Read moreA source familiar with the matter said the ECB's decision seemed to be related to currency manipulation fines from last week. Citi was fined the most of the six banks involved, just outstripping the $1.012 billion levied on J.P. Morgan.
Read moreThe (unhedged) forex broker's nightmare... The EURUSD fell by more than one percent in one giant step on Thursday, following news of (another) surprise rate cut by the ECB. The European Central Bank cut its key interest rate to 0.05 percent, as of September 10. The rate on the ECB's deposit facility will be cut still further into…
Read moreThe European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…
Read moreTrader? Busy and need access to the most important FX trading points and themes throughout the day? LeapRate conveniently includes research from trading desks from all brokers on our Globally Regulated List. Check the feed throughout the day our implement the RSS feed, furthermore you can signup for future email newsletters conveniently getting the latest…
Read more