Tag: euro

April 22, 2024

The Euro was just a little weaker against the United States Dollar on Monday, with the pace of its fall slowing. That may not be the case for long, however. Monetary policy differentials remain strongly in the greenback’s favor, leaving […]

March 18, 2024

The Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve. This is always […]

March 1, 2024

Euro Area core inflation fell for the 7th straight month, data from Eurostat showed earlier, but missed expectations of a larger fall. EU core inflation is now at the lowest level in two years. Today’s release did little to shift […]

February 23, 2024

German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]

October 2, 2023

EUR/USD fell sharply on Monday, weighed by broad-based U.S. dollar strength amid soaring U.S. Treasury yields, with the 10-year note pushing above 4.65% and hovering near its highest level since 2007. In this context, the pair sank about 0.5% in […]

March 7, 2023

EUR/USD jumped higher to start this week ahead of Federal Reserve Chair Jerome Powell’s testimony to Senate Banking Committee in Washington on Tuesday and Wednesday. Additional event risk may also lie in the Euro wide GDP figures that will be […]

January 11, 2023

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]

January 5, 2023

The fundamental landscape surrounding the euro zone economy has shifted slightly when compared to the first three quarters of 2022 and that is largely due to the significant reduction in oil and gas prices, which has provided great relief to […]

January 4, 2023

The seasonally adjusted S&P Global Eurozone PMI Composite Output Index remains sub-50 and in contraction territory for a sixth consecutive month with a print of 49.3, which was up from 47.8 in November. The data signalled the slowest decline since […]

November 23, 2022

The latest Euro Area flash PMIs beat to the upside this morning but still remain entrenched in contractionary territory. The data suggests the Euro Area economy shrinking by around 0.2% in Q4, and while November’s figures were better-than-expected, a recession […]

November 15, 2022

Last week EUR/USD exploded higher on the US CPI release, and with the surge the outlook for a bear-flag to continue developing went out the window. Heading into the release it was a scenario I had painted, and was clearly […]

November 8, 2022

The Euro has held onto gains against the US Dollar made since last Friday after favourable data yesterday and ahead of today’s mid-term elections. Swiss jobs data and German industrial production figures helped to underpin EUR/USD into the New York […]

September 14, 2022

EURO FUNDAMENTAL BACKDROP Yesterday’s U.S. inflation beat so global markets reverse expectations around a less aggressive Federal Reserve bringing the EUR/USD currency pair all the way back below parity. The previous hawkish meeting by the European Central Bank (ECB) was […]

September 13, 2022

The Euro has mostly held onto recent gains as the European Central Bank’s Isabel Schnabel reiterated hawkish weekend comments by fellow ECB board member and Bundesbank President Joachim Nagel over the weekend. The single currency was further aided by 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 22, 2022

The euro began its descent today beginning with French PMI’s missing estimates followed by German data which often services as a barometer for the entire EU region. Unsurprisingly, EZ PMI’s followed suite (see economic calendar below), augmenting the weaker euro. Manufacturing and services fell across […]

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 12, 2022

Global shares mostly fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined. Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are […]

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 […]

July 6, 2022

Global shares were mixed Wednesday as European benchmarks rose in early trading despite looming worries about a global recession that have pushed the euro to a 20-year low against the U.S. dollar. Asian markets finished mostly lower. Oil prices recouped […]