Tag Archives: ECB
Markets steady ahead of the ECB’s LTRO giveaway
The last day of an extended February and the latest EBC LTRO giveaway looming tonight led to a quiet, range-bound session for Asian markets, though risk was generally favoured in the first half of trading.
Technical Analysis
Euro rally continued Friday without much sign of stretch, still surprisingly small adjustments to the non-commercial short euro position (latest reporting period = Tuesday close last week).
FX Daily Strategist: Europe
We continue to favour AUD into next week; JPY moving closer to the top of the Ichimoku cloud AUD remained steady in response to RBA Govnenor Steven’s warning that forex intervention is an option if the AUD is considered too strong, commenting that the recent rise in AUD’s strength has been at a time when […]
FX Daily Strategist: Europe
Greek deal leaves markets none the wiser The response to yesterday’s Greek bailout has seemingly confounded most market participants: those looking for a relief rally in risk have been sorely disappointed – but so have those who were looking for a ‘sell the fact’ response.
FX Daily Strategist: Europe
Expectations build for a deal – but we’ve been here before The Eurozone developments over the weekend have raised expectations of a deal from today’s Eurogroup, due to kick off at 3.30pm Brussels time. German Finance Minister Schaeuble’s comments were seen as less combative;
ECB and BOE meeting previews
European Central bank meeting The last couple of days have brought shock economic releases from Germany that may lead one to fear that the economy is ‘falling off a cliff’. Consider for example today’s dreadful December figures for exports (-4.3 percent) and imports (-3.9 percent), coupled with yesterday’s shock 2.9 percent decline in Industrial Production.
Behavioral Finance: Daily Forex Outlook: ECB disabuses market of ’round-trip’ belief
EUR/USD (1.2870) Maybe the most important revelation in yesterday’s ECB press conference was that the banks that borrow via the LTRO are not the same ones that re-deposit money overnight. Probably because the amounts are similar, there had been a common assumption that liquidity had been leaving by one door at the ECB and then […]
ECB and Bank of England meeting previews
Monetary policy meetings will be held in the Bank of England and European Central Bank tomorrow and the latter at least has the potential to deliver important new developments. ECB My guess would be that the desire to cut rates again will not yet be irresistible for the Governing Council, as also indictaed by the […]
Market Analysis
The EUR was lower in Asian trade as investors were reluctant to buy the single currency despite modest gains Tuesday after successful European bond auctions, while many traders were cautious ahead of upcoming Italian and Spanish auctions and the European Central Bank’s policy-setting meeting Thursday.
BUND ANALYSIS
The European Central Bank stepped up its sovereign bond purchases last week but the weekly amount purchased remained significantly lower than the volumes seen in the previous four months.
Europe Week Summary
This year began with worries about Europe’s banks — and it is ending on a similar note. On Wednesday, the European Central Bank extended more than 489 billion euros ($636 billion) in low-interest loans to euro-zone banks to help ease a funding squeeze. That was way more than the 250 billion euros to 350 billion […]
UBS Morning Adviser: Debt Woes Continue
The EUR has managed to avoid further losses during the Asia session but it is clear that it will take more than a blast of liquidity by the ECB to change the overall picture for the currency. In addition, even if the funds do succeed in preventing massive deleveraging by banks and protect financial stability, […]