Tag Archives: ECB
ECB poised to act to reassure markets
Eurozone bank sector tensions are being watched closely by the European Central Bank, which has a range of policy weapons it could deploy swiftly to reassure nervous financial markets.
Behavioral Finance: Daily Forex Outlook: Market has no ear for positive eurozone news
EUR/USD (1.3520) The resignation of Juergen Stark from the ECB has gobbled up column inches in the weekend press, but it would be wrong to blame the news for the euro’s decline. By the time the news agencies ran the story, the euro had already registered two-thirds of he day’s losses.
FX DAILY STRATEGIST: Europe – 12 September 2011
EUR continues to slide – volatility risks slipping over into real economy: Concerns over progress on the Greek bailout and the sudden resignation of Juergen Stark from the ECB Governing Board has seen risk pummelled. The DJIA fell more than 300 points and the flight into safe haven assets kept USD and USTs well bid. […]
FX Pulse: Funding in Euros
Global Currency Research Conditions for further EUR weakness have fallen into place. The German Constitutional Court has supported the control rights of the German Parliament regarding future EMU support payments and guarantees. The ECB has underlined the need for fiscal consolidation and for peripheral countries to restructure their economies, which will be deflationary.
EUR and the ECB
The ECB’s Trichet signalled a clear change in tone at Thursday’s press conference, not only removing the reference to upside risks to inflation, but also highlighting that downside risks to growth had intensified. Indeed, Trichet even re-emphasised in the Q&A session the significance of these changes, saying that the balance of risks have changed.
Societe Generale FX Daily
The US has a day off work – though a lack of employment is in fact, the biggest problem facing the world’s dominant economy. The EUR/USD 1.42 barrier was taken out early in the Asian session. This DNT structure had helped to keep EUR/USD in a range even as ECB rate cuts were being priced […]
European FX Daily – USD stronger, equities down going into a key week for policy
– Antipodeans and Nordics lead sell off vs USD, Asian equities down 0.5-3% – German factory orders and ECB bond purchases in focus today – Global central banks to turn more cautious and neutral, keeping rates on hold
S&P Says Joint Euro Bond Would Get Rating of ‘Weakest Link’
It is going to be a tough week for the EUR. Trichet is expected to be softer in his tone and the EUR will stay under pressure into the ECB. If he is not dovish, EUR will be still under downward pressure, as the market will increasingly discuss the erosion of ECB credibility.
Looking for signs of growth
For a moment there, it looked as through all it would take for EUR/USD to break free above 1.45 was SPX to hold 1200. Just when EUR/USD was threatening to make a run for it out of its trading range, along came two stories to send it crashing back into neutrality. Firstly, the US equity […]
Swiss Timing – today or over the week-end? + Asia x asset
Sarkozy/Merkel came up with little new. SNB could disappoint today but not this week end. The move by the biggest Swiss retailer to force a pass-through of the high CHF seals its fate + Cross Asset piece on Asia. We have all known for a long time that it is very hard to teach an […]
FX Comment: The ECB, ist bazooka and the Swiss franc
The ECB has started to buy Italian and Spanish government bonds, showing off what some have called the central bank’s ‘bazooka’. The question is why the markets have not been more impressed. The single biggest reason for the lack of enthusiasm in the market may be the relatively small size of the interventions so far, […]
FX DAILY STRATEGIST: US – 08 August 2011
After S&P US Downgrade, ECB response narrows Italian-German bond spread significantly. Markets will test ECB’s commitment. FOMC statement, China data, are other main event risks. Latter could grant a reprieve from further AUD sell-off.