This is what you need to know to trade today Tuesday, April 20: Markets are calm after a drop on Monday, but the dollar remains depressed. Mixed news about the virus and US infrastructure is in the spotlight, while cryptocurrencies continue their decline. The US dollar is on the defensive for the second day in […]
Tag: PolicyFiscal
EU Commission presents plan to raise up to € 800 billion to finance recovery
The Budget Commissioner of the European Union (EU), Johannes Hahn, announced on Wednesday a strategy to raise up to € 800 billion in debt for the recovery fund, which is expected to be repaid in 2058. Additional comments: “The EU will use a diversified financing strategy to raise up to € 800 billion by 2026“. […]
The intention is to extend the aid to companies until the end of the year – Altmaier
German Economy Minister Peter Altmaier said on Friday that his goal is to extend aid for companies affected by the COVID-19 pandemic for a further six months until the end of the year, as reported by Reuters. Altmaier further noted that talks are ongoing and He added that he hopes to see a decision before […]
Schnabel says blocking the EU recovery fund would be an economic disaster
Isabel Schnabel, a member of the executive board of the European Central Bank (ECB), said on Friday that attempts to block the European Union (EU) recovery fund would be an “economic disaster for Europe”. Key Comments: “The increase in public debt is inevitable and sensible in the face of this crisis of the centuryas long […]
Rehn says it is better to maintain an accommodative policy
Speaking to CNBC this Thursday, the member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said that inflation threatens to remain too slow in the euro zone. Additional comments: Is better keep the policy accommodative. It is time to rethink our monetary policy strategy. And positive side effects of the US […]
The dollar advances after Biden presented the plan, the focus is on the concerns of the Covid, the OPEC + meeting and the first level data from the US.
This is what you need to know to trade today Thursday, April 1: Markets are relatively upbeat on Maundy Thursday after President Biden unveiled a massive tax and spending plan. Concerns over vaccine supplies and the lockdown in France are weighing on confidence. OPEC + members are ready to extend the cuts. US jobless claims […]
XAU / USD remains confined to a range, little moves after ADP
A modest USD pullback helped gold find some support near the $ 1677-76 region.The optimistic US economic outlook helped limit the dollar’s slide and earnings.A slight disappointment from the US ADP report did little to boost momentum. Gold extended its side consolidation price action in the mid-European session and remained confined to a tight trading […]
President Biden’s $ 2.25 trillion infrastructure plan to be funded by tax increases
Tax increases will likely pay for the $ 2.25 trillion infrastructure plan US President Joe Biden, the White House said in a statement released ahead of Biden’s speech at 8:20 GMT on Wednesday. Additional comments: “620 billion dollars dedicated to transport“. “650 billion dollars to be used in initiatives to improve the quality of life […]
XAU / USD consolidates near multi-month lows around the $ 1,685 region
Gold manages to find some support near multi-month lows around the $ 1,677-76 region. A modest pullback in the USD and a softer tone in the stock markets benefits the precious metal. The optimistic US economic outlook and a rebound in US bond yields should limit the rise. The oro it moves between tepid gains […]
AUD / USD clings to modest gains above 0.7600 level, rally appears limited
A modest USD pullback from multi-month highs helps AUD / USD gain traction on Wednesday. The optimistic US economic outlook should help limit the USD’s slide and limit the pair’s gains. The US economic calendar and President Biden’s spending plan could create some business opportunities. The pair AUD/USD It has moved higher at the start […]