Tag: ECB

December 28, 2022

EUR/USD experienced some whipsaw price action yesterday as the pair fluctuated between losses and gains for the majority of the day. The European open this morning has seen a slight bounce higher with a sustained break above the 1.07 level […]

October 28, 2022

EUR/USD falls back from a fresh monthly high (1.0094) even as the European Central Bank (ECB) implements another 75bp rate hike, and fresh data prints coming out of the US may fuel the recent decline in the exchange rate as […]

August 18, 2022

German energy giant Uniper posted a staggering EUR12 billion loss for H1 2022 on Wednesday as the energy crisis in Europe’s largest member state continues. The company was given a EUR15 billion bailout in July – for 30% of the […]

August 16, 2022

ENERGY COSTS TO EAT INTO BOTTOM LINE Stubbornly high inflation and anticipated increase in energy costs is expected to weaken profits in the private consumption sector Already weak economic growth expected to decline further However, expectation for the financial sector […]

July 18, 2022

ECB to Finally Achieve Lift-off This week Thursday we have the European Central Bank (ECB) rate decision on hand. The much anticipated 25 basis point hike has been communicated extensively by ECB Governing Council members for many weeks now but […]

July 7, 2022

The euro has been under significant pressure ever since global recessionary fears gripped markets causing price to pierce through multi-decade lows. This morning, the euro clawed back some of its recent losses after the FOMC minutes yesterday saw Federal Reserve […]

June 30, 2022

The euro was hit hard yesterday during the ECB’s Sintra Forum panel discussion which included Fed Chair Jerome Powell, the BoE’s Governor Bailey, General Manager Augustin Carstens and the ECB President Christine Lagarde. While the Fed “out-hawked’ the rest but […]

June 15, 2022

The European Central Bank’s rate-setting council will hold an unscheduled meeting Wednesday “to discuss market conditions,” with borrowing costs for several countries having increased after the bank said it would raise interest rates — bringing back bad memories of the […]

June 1, 2022

The euro has enjoyed some much needed respite since mid-May after extended long positioning on the U.S. dollar faded. Yesterday’s oil embargo on Russia has now heightened fears of further downward growth revision within the euro zone despite inflation data […]

May 11, 2022

Earlier this morning, German inflation data (see economic calendar below) for April printed in line with forecasts at 7.4% thus continuing its incremental rise for 2022. German data often acts as a barometer for the EU region leaving the ECB […]

April 21, 2022

Comments from ECB Vice-President Luis de Guindos are behind the latest move in the Euro with EURUSD now breaking above 1.0900. In an interview with Bloomberg, Mr. de Guindos said that the central bank sees neither stagflation nor a recession […]

April 8, 2022

Next week the ECB will deliver their interest rate decision which is not expected to reveal a surprise rate hike but more importantly, market participants will be hanging on every word from ECB President Christine Lagarde regarding the end of […]

March 19, 2020

U.S. stock-index futures traded lower Thursday in seesaw price action after the European Central Bank in a late-night move rolled out an expanded asset-purchase program and the Federal Reserve announced a facility to backstop money-market mutual funds. What are major […]

June 14, 2018

U.S. stock futures swung between small gains and losses on Thursday, with traders erring on the side of caution ahead of what could be a major announcement from the European Central Bank on its bond-buying program. Investors were also digesting […]

September 3, 2015

European shares rose sharply on Thursday, tracking strong gains on Wall Street and ahead of a European Central Bank meeting that investors expect will deliver a boost to markets following recent turmoil. At 1011 GMT, the FTSEurofirst 300 index of […]