This is what you need to know to trade today Thursday October 29th: Markets are trying to rally and the dollar is down, partially reversing Wednesday’s trends. The lockdown announcements from Germany and France serve as a backdrop for the ECB’s decision. The US GDP will be known today, ahead of an election in which […]
Tag: ECB
EUR / GBP falls to fresh daily lows around 0.9050 region
EUR / GBP cannot capitalize on its intraday rally above the 0.9100 level. The ECB’s dovish expectations and the rise in COVID-19 cases in Europe weigh on the euro. Brexit-related uncertainties weigh on the GBP and could help limit deeper losses. The crossing EUR/GBP has rapidly retreated around 65 pips during the European session on […]
EUR / USD: ECB meeting does not change the rules of the game
Next week, the European Central Bank (ECB) you will have your policy meeting. Danske Bank analysts do not expect any further measures to be announced. They expect the central bank to send its usual dovish signals, which could raise market expectations for a December decision to raise / extend the PEPP due to its open […]
Ireland faces double whammy of Brexit and virus – Financial Times
While warning about Brexit, the European Central Bank (ECB) legislator and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said the base case has changed to assume a UK no agreement with Brussels, as reported by the Financial Times (FT). Makhlouf added that Ireland faces double whammy of Brexit and virus. Market reaction GBP […]
Lagarde says price stability is at the center of the central bank’s work
In a speech scheduled for Wednesday, the president of the European Central Bank, Christine Lagarde, has said that “price stability is the center of the central bank’s work”. On the other hand, the chief economist of the ECB, Phillip Lane has said that “the sweet spot is low inflation with a margin above zero”, and […]
Lagarde warns that the resurgence of the coronavirus is a ‘clear risk’ for the economic outlook
The unexpected and early rise in coronavirus cases in Europe poses a clear risk to the economic outlooksaid the president of the European Central Bank (ECB), Christine Lagarde, in a pre-recorded interview with the French television network LCI on Tuesday night. Featured statements: “Most scientists in the eurozone expected the resurgence of the epidemic in […]
De Guindos says recent data shows a loss of momentum in the eurozone recovery
Recent data shows a loss of momentum in the economic recoverysaid the vice president of the European Central Bank (ECB), Luis De Guindos, in a speech scheduled for Monday. Additional comments: “EU countries are being affected by the second wave of coronavirus“. “Countries do not seem to want to impose strict blockades like those seen […]
Lagarde ensures that the options in the central bank’s toolbox have not been exhausted
“The options in our toolbox have not been exhausted“, said the president of the European Central Bank (ECB), Christine Lagarde, in an interview with Le Monde, published this Monday. Featured statements: “I hope there is also a debate on a common budget tool for the euro area ” “The ECB will do more if necessary.” […]
Lagarde warns that the new restrictions due to the coronavirus will increase economic uncertainty
The uncertainty for businesses and families will increase Due to the coronavirus-induced lockdown restrictions reimposed in the euro zone to curb rising infections, the president of the European Central Bank (ECB) said on Sunday, Christine Lagarde, according to Bloomberg. Featured statements: The recovery remains uncertain, uneven and incomplete. It is clear that both the support […]
Rehn says the economic rebound is weaker than expected
The member of the Governing Council of the European Central Bank (ECB), Olli Rehn, has expressed his opinion on the economic recovery of the euro zone and the inflation outlook, according to Reuters. Key Comments: “Disappointing recent data, particularly in the services sector, amplify downside risks. “ “The economic rebound is weaker than expected“. “The […]
