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Questions or Comments? Then we can use the web connector in PowerBI to get the data from them:. Should be possible to get the latest data added to your previous queries and cached responses. What I am trying to achieve is to have a line chart with historical rates that refreshes with new datapoints every day. Using a datetable or generated range of dates, you can then invoke the custom function like this:. I am totally inexperienced with this; "invoke function" lets me enter parameter as date - should I fill in a range of dates and then use the second function you mention?

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Power BI. Turn on suggestions. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for. Search instead for. Did you mean:. All forum topics Previous Topic Next Topic. MarcoNeukom Helper I. Historical exchange rate API. Hi, I am looking for a way to get historical exchange rates into my report - also daily updated rates - and I have been looking at ecb. Disclaimer; I have no developer skills - solely a business analyst, obviously Labels: Labels: Need Help.

This happening would influence the exchange rate of the Euro through any of the forex currency pairs that involve the subject currency. The purpose of keeping rates low, done by lowering the ECB's rates, is to stimulate and revive the growth of a country's economy. This is exactly what happened following the financial crisis in the United States, as another example.

The volatility that stock market indices feel during major economic announcements is significant, and gives rise to numerous trading opportunities. The effect of the publication of the ECB rates directly influences the choices of the investors involved in the companies which make up the stock indexes. We should also not forget that the European central bank's rate decisions reflect the state of the eurozone's economy, which is taken into account by foreign investors when making decisions on significant investments in Europe.

Thus, the indices are very reactive to the ECB rates, and make it possible for traders to take advantage of opportunities following their announcement. Whether in the very short term, short term, medium, or long term, it is possible to trade stock indexes in the context of changes in key rates in order to diversify your portfolio and take advantage of their unique opportunities.

Admiral Markets has some of the smallest spreads on the stock market indices, as well as having no commission on this asset class. The carry trade strategy is used by professional as well as individual traders, because it is such a simple and effective trading strategy. If the ECB interest rate associated with a currency is low, investing in the currency in question is not very profitable. If the interest rate associated with a currency is high, investing in the currency in question becomes attractive.

A trader buys a currency that has a high interest rate. At the same time, they short sell a currency which has a very low interest rate, and which yields almost nothing. In this case, the trader who uses the carry trade strategy decides to buy the Australian dollar against the Japanese yen, in order to benefit from its appreciation. The rise of the Australian dollar is facilitated by the remuneration associated with each currency of the trade. In , New Zealand had a strong demand for raw materials from China, and the interest rate was 7.

The operation theoretically yields 7. One of the reasons to close a position within a carry trade strategy, is when the spread between the respective interest rates of the two currencies included in the trade begins to narrow.

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Swing traders, and traders who employ a fundamental style of trading, scrutinize opportunities such as the publication of the ECB rates. Each major economic publication allows these kinds of traders to adjust their strategy in response to events which influence the forex and stock markets.

Thus, they take a position for several days, or weeks in the case of the swing trader, or up to several months or even years for the fundamental trader. This strategy is used by traders who have some experience in the forex market. The quick reaction time necessary, as well as the capital with which a trader requires in order to trade this type of economic event, are important.

ECB will struggle to rein in the euro, say investors | Financial Times

The concept behind day trading the ECB interest rate decision is to benefit from large movements in the forex market in a very short time. This strategy requires waiting a few minutes after the publication of the rates, in order to let the forex market fluctuate violently, before identifying the trend that the instrument is to follow. Having to wait a short time after publication is essential, in order to minimise the risk involved in the trade.

During major publications such as the ECB interest rate announcement, the forex market often faces substantial volatility, which can have serious consequences not just for your risk management, but also for your underlying capital. Also remember that spreads tend to widen at the time of these announcements.

Finally, it should be kept in mind that volatile markets tend to show many false signals, so patience pays off when taking advantage of the movement following the publication.

European Central Bank

Euro dollar in a 15 minute time frame: The red arrow locates the exact time of the publication of the ECB rate decision of June 08, As you can see, the candlestick representing the ECB announcement has a very large wick towards the high, against the trend of the previous one, as represented by the moving average 20 and 50 downwards. Several traders have taken an upward position here, without any success. Shortly after the ECB meeting magenta arrow , the previous trend continued for the rest of the day.

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DAX 30 in a 1 minute time frame: The first vertical line identifies the exact time of publication of the ECB interest rates of April 27, As you can see, just after the ECB announcement, traders had to wait a few minutes to be able to see an upward push in the German index followed by a period of consolidation pending the ECB press conference 45 minutes later. By the end of this article, we hope you better understand how significant the ECB rate decision is, as well as how traders take advantage of the trading opportunities derived from this important economic event.

Whatever your trading style, and if you want to try your hand at trading economic news and the ECB rate decisions, Admiral Markets provides you with free and unlimited demo accounts in order to trade risk-free, discover for yourself if trading the key ECB rate is for you. Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5.

Start trading today! This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time.