Tuesday, January 27, 2015

27 January 2015

This week, there will be FOMC statement and funds rate decision on Wednesday (28-Jan).

Last week EUR had dropped to the low of 1.0970 and GBP to 1.4950 after the decision of ECB QE.

First, Swiss central bank decided to remove the EUR/CHF cap at 1.2000 and introduced negative interest rate of -0.75%. Now, the ECB introduced QE of 60billion euro per month till Sep 2016.

Missed out the chance to double/triple/quadruple the account after the QE decision. Will be waiting for next big central bank decision.

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