Tag Archives: ECB
Adjusting to Fed tapering
Big Picture: Asset markets have corrected recently and it has been very difficult for investors to find a hiding place apart from cash, as equities and bonds have sold off,
FX Comment: meh
“The sky is falling onto USD” is a good summary of last week’s developments. That’s what happens when the positioning gets to the extremes and somebody decides to change the music!
Weekly Focus: Europe delivers the good news
Market movers ahead • We believe US retail sales advanced at a decent pace in May. Furthermore, we look for a marginal increase in the University of Michigan survey.
USD takes a pummelling ahead of non-farm payrolls, ECB on hold for the foreseeable future, is the rally about to end?
The USD came under sharp selling pressure across the board from about BST15.30 onwards yesterday.
ECB comment: Short action: “yes”, long words: “well… not much”
There was not a lot of news in ECB’s monetary policy meeting today. The ECB is ready to act again, if key figures disappoint,
EUR-crosses Look Beautiful
It has fallen under the radar. But another story in the making this year is euro outperformance against all G10 FX despite dollar strength.
FX Daily Strategist: Europe
ECB inaction to support EUR The EUR has been moving sideways since the start of the week but today‟s ECB announcement should inject a dose of volatility, at least in the immediate term.
ECB action unlikely as data improves
Bottom line: Since the European Central Bank cut its main refinancing rate by 25 basis points to 0.50 percent on 2 May data has generally been better than expected,
ECB press conference centre stage today…
Main event of the day today will inevitably be the ECB meeting and Mr. Draghi’s press conference. The ECB will today publish its new growth and inflation forecasts,
Macro Weekly: Raising our 2014 forecasts
Big Picture: We have raised our 2014 GDP growth forecasts for the eurozone (from 1.0% to 1.3%) and for the US (from 3.0% to 3.2%).
ISM manufacturing drops to 4-year low to start June, more signs of improvement in Europe, RBA on hold
The month of June began with investors on the back foot. Equity indices opened lower following the lead of the soft US performance into the close on Friday.
Euro area: Expect less drag from fiscal policy
Tight fiscal policy by way of spending cuts and tax increases is one of the key reasons why the Euro area struggles to get out of recession.