Tag: ECB rate decision

Gold and Silver Prices Outlook for July 1-5

During last week, gold and silver continued to trade down.  The weakness of precious metals coincided with the depreciation of leading currencies against the USD. Following the recent FOMC meeting, in which it was hinted the Fed may taper QE3…

ECB Left Policy Unchanged – Euro Rallies

The ECB President Mario Draghi decided to keep the ECB policy unchanged as the cash rate remained unchanged at 0.50%.  This decision came after many suspected the ECB might decide to lower its cash rate again or perhaps even introduce a…

ECB kept rate unchanged at 1.25%

As expected, the European Central Bank kept its interest rate unchanged at 1.25%. According to Forex Crunch in yesterday’s press conference the ECB’s President Jean-Cluade Trichet used the terms “strong vigilance”; this term might be a tip for the future…