Tag Archives: ECB
Draghi turns softer as recovery fails
– We expect the Governing Council to discuss rate cuts and at the press conference we believe Mario Draghi is likely to open the door for a rate cut in the coming months.
Early Morning Reid: Macro Strategy
Today is the day the ECB unofficially starts to exit from unconventional monetary policy as Euro-area banks now have the option to repay some of the 1 trillion Euros of LTRO money afforded to them last year. Banks can now hand back money with one week’s notice, and today at 11am London time is the […]
FX Market Analysis
Anticipation of pending eurozone events and UK data served to underpin the euro and weigh on sterling Thursday.
FX Daily Strategist: Europe
– Hawkish ECB supports further EURUSD gains; stay long EURCHF on news of negative Swiss rates EURUSD rallied on the back of a change in rhetoric at the ECB monetary policy announcement.
Euro in focus on ECB/ Spanish debt auction
Today is all about resolving the tension between the still relatively weak Euro currency while other indicators show strong optimism on the prospects for further stability.
Asia FX
The AUD jumped to its highest in over three weeks, and its best level so far in 2013, in the Asian session Thursday, after the release of better-than-expected Chinese trade numbers.
Markets are waiting for tomorrow’s ECB and BoE meeting
European majors weaken mildly against dollar today while European stock indices are nearly flat. Markets are waiting for tomorrow’s ECB and BoE meeting.
Markets Steady as Earning Sessions Awaited
Financial markets are relative quiet this week so far as investors are generally cautious ahead of earning sessions, as well as ECB meeting later in the week.
FX Daily Strategist: US
– ECB unlikely to derail positive EUR sentiment The positive euro sentiment in place since early November has been reduced slightly; some key EUR crosses are sitting on key support at this time (e.g. EURGBP just above 0.8110/12, EURUSD above 1.3035, channel base from mid-November).
EURUSD headed for 1.3000 test post-ECB?
ECB on tap – no rate cut expected, but could we see a set up meeting for a rate cut down the road? Also, the US employment report could move market more than recent reports if it proves a surprise to consensus.
FX Daily Strategist: Europe
– RBNZ gives wings to the kiwi, AUD supported by better-than-expected Aussie employment print The RBNZ left the OCR unchanged at 2.50%, as expected, but the statement was hawkish.
FX Daily Strategist: Europe
– NZD: Surprisingly weak unemployment data causes a NZD collapse The NZD fell sharply this morning after unemployment unexpected jumped in to a 13-year high, reviving speculation about an RBNZ rate cut.