Tag Archives: ECB
Monthly Economic Outlook
If It Seems too Good to Be True, It Probably Is With the partial federal government shutdown behind us, attention is now focused on its impact to overall economic growth.
Fed – ECB divergence: FX implications
A much stronger-than-expected payroll crowned a big week for two majormacro themes: Fed tapering; and EUR disinflation.
Daily FX Wrap and Strategy
The NZD was the strongest performing currency last week. Actually, the more appropriate title might be ‘least worst’ performing,
FX Viewpoint: USD bulls awake
“I think I will abstain from judging the markets. This is one of the hardest things to do and it is usually quite useless because they do what they want, no matter what.”
Weekly Economic & Financial Commentary
U.S. Review: What Government Shutdown? · Nonfarm payrolls surprised to the upside as the federal government shutdown did little to deter private-sector employers from hiring more workers.
EUR down as a result of ECB decision-making
The euro extended its correction this week, setting a low of 1.33 against the US dollar, before recovering above 1.34 following Thursday’s surprise interest rate cut by the European Central Bank (ECB).
ECB viewpoint: Dovish Draghi delivers
As a follow-up on our initial thoughts on today’s ECB decision, here are a few more comments:
Daily FX Update
ECB CUTS TO 0.25%, DRIVING INSTANT 1% EUR DECLINE * USD strong following cut, ahead of ECB press conf & nonfarm Friday.
ECB cuts refi rate by 25 bp
ECB cuts the refi rate by 25 bp to 0.25%. (depo rate unchanged; marginal lending rate down 25bp).
Morning FX Market Commentary
Dollar hardly profits from strong ISM On Tuesday, EUR/USD traded with a slightly negative bias. Traders were cautious on the euro ahead of the ECB.
Beware the squeeze – can’t get excited with ECB
We don’t think it is a big deal if the ECB cuts interest rates in December, or even today.Cash EONIA is already at 9bps, not rising to 25bps until January 2015.
The Global Macro Pulse
Overnight Price Action Most equity markets are down in Asia today. S&P futures are off 0.2%, the Nikkei has fallen 0.6%, the HSI is off 0.7%, Kospi is down 0.4%, and