BOE increased its quantitative easing program

BOE increased its quantitative easing program

2022-06-06 • Updated

2020_11_06_08_18_40_Template1_PowerPoint.png

EURGBPM30.png

2020_11_06_08_23_47_Template1_PowerPoint.png

EURUSDM30.png

Ichimoku Kinko Hyo

CAD/JPY: The pair is trading below the cloud. Further pressure from sellers will lead the pair lower.

CADJPYM30 ich.png

Fibonacci Levels

XAG/USD: Silver moves on 23.6% retracement level. It seems that silver buyers forming a bullish flag.

XAGUSDM30.png

European Market View

Democrat Joe Biden inched closer to winning the White House while President Donald Trump escalated his unprecedented efforts to cast doubt on the election's integrity.

Biden, the former vice president, was chipping away at the Republican incumbent's leads in Pennsylvania and Georgia even as he maintained narrow advantages in Nevada and Arizona, moving closer to securing the 270 votes in the state-by-state Electoral College that determines the winner.

The Bank of England increased its quantitative easing program by more than expected, paving the way for bigger government borrowing to deal with an expected double-dip recession.

The Bank expanded the envelope of its asset purchases by 150 billion pounds ($195 billion), or around 7% of U.K’s GDP, supporting that the economy to contract in the fourth quarter and to face extra headwinds at the start of next year from the end of the post-Brexit transition period.

EU Key Point

  • Nikkei 225 closes up by 0.91% at its highest level since 1991
  • Japan finance minister Aso supports that It is up to the BOJ to decide on monetary policy
  • Trump's lead in Pennsylvania continues to narrow through the night
  • Germany posts record 21,506 new daily coronavirus cases in latest update today
  • Oil has been steadily losing ground during Friday in Asia

                                                                                        LOG IN

Similar

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera