“The first quarter of 2021 will continue to be difficult for the French economy“said the country’s Finance Minister Bruno Le Maire while speaking at the Reuters Online event on Thursday. Additional comments: I’m sure that the second part of 2021 will be very good for the French economy. The forecast of 6% growth this year […]
Tag: EURUSD
EUR / USD remains stable around 1.2150 ahead of data and ECB
EUR / USD remains stagnant at the 1.2150 region on Thursday. The ECB will publish the minutes of the December meeting. Initial weekly jobless claims and Powell’s speech will dictate sentiment at the start of the American session. Common currency extends consolidation and motivates EUR / USD to remain stable near 1.2150 region in the […]
The German economy contracted 5% in 2020
The German economy contracted 5% in 2020, according to preliminary figures GDP gross domestic product released by the Federal Statistics Office on Thursday. The general data has exceeded expectations of a contraction of -5.1% and it has improved the previous reading of -5.2%. The preliminary figure for Germany’s GDP for 2020, seasonally adjusted, has reached […]
EUR / USD: More losses are likely below 1.2250
In the opinion of the currency strategists at UOB Group, EUR / USD risks further losses as long as it trades below 1.2250. Key Comments: 24 hour view: “We highlighted yesterday that ‘a further EUR / USD advance is not ruled out, but a clear breakout of 1.2250 is unlikely’. While EUR / USD initially […]
Italy: Renzi, leader of the Viva party, withdraws from the governing coalition
The leader of the Italian party Viva, Matteo Renzi, has announced that he would withdraw his cabinet ministers from the government, essentially completing his retirement from the ruling coalition.Reuters reports citing a press conference. Renzi has had Strong disagreements with Italian Prime Minister Guiseppe Conte on how the country’s allocation of European recovery funds would […]
EUR / USD sets new daily lows near 1.2150
Inflation data from the US weaken the dollar slightly. Euro continues with a negative bias against the dollar and the pound. EUR / USD extended the decline and fell to 1.2153, marking a new low for the day. It remains close to 1.2150, under pressure, given a slight recovery in the dollar and the euro […]
Strong support lines near 1.2130
EUR / USD reverses Tuesday’s advance and returns to levels below 1.22. More fall is expected from a break below 1.2130. EUR / USD gives up the previous advance to 1.22 and beyond and falls back to the 1.2170 region on Wednesday. That being said, it appears that the bulls cannot regain control of the […]
EUR / USD could continue corrective weakness mode – Credit Suisse
The EUR / USD is expected to undergo a longer consolidation / correction phase, but this is seen as temporary before an eventual break above 1.2355 for a move to 1.2518 / 98, Credit Suisse analysts estimate. Key statements: “EUR / USD has recovered from the short-term price support at 1.2129 / 22 as expected, […]
The ECB will be extremely attentive to the impact of the exchange rate on prices
The European Central Bank (ECB) will be extremely attentive “to the impact of the exchange rate on pricesPresident Christine Lagarde said in a speech scheduled today at the Reuters Online event. “We monitor very carefully the movements of the foreign exchange market, although we do not have a goal,” he added. Before Lagarde’s speech, the […]
Uncertainties such as Brexit, the US elections and the approval of the vaccine have been cleared
Some of the uncertainty has been cleared, such as Brexit, the US elections or the approval of the vaccine, with the beginning of 2021said the President of the European Central Bank (ECB), Christine Lagarde, while speaking at the Reuters Next online event on Wednesday. Featured Comments: “The initial stage of launching the vaccine is laborious.” […]
