Tag Archives: ECB

The US government posted a $170 billion budget deficit, according to the Treasury Department, which reported $467 billion in total receipts and $638 billion in total outlays.The fiscal deficit for the fiscal year 2023 was $1.696 trillion, a 23% increase from the previous year and the largest since the start …

The European Central Bank has published its final report on “Sound practices in counterparty credit risk governance and management,” following a public consultation that ended in July 2023. The report identifies sound market practices and areas for improvement in managing counterparty credit risk. The ECB has acknowledged all comments received …

Economists frequently raise concerns about inflation risks and challenges to the Eurozone’s economic prognosis for a gentle landing. The ECB should remain on hold until there is a clearer understanding of the future, which may not happen until March of the next year. When the ECB hinted last month that …

Due to increased Treasury yields, gold abruptly pulled back from over $1,880 and dropped below $1,870. Similar to Gold, Silver too experienced a fall and fell under $22.00. The 10-year yield jumped from 4.57% to 4.73%, while the 2-year yield increased from 4.98% to 5.07%.The US dollar continues to trade …

In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the performance of global markets in light of the current geopolitical developments in the Middle East.First of all; Hashad commented on oil prices …

The EUR/USD pair began Monday with a dip to 1.0519 before easing back. The Euro remains down against the US Dollar for Monday, but losses are paring back. Market sentiment is rebalancing after geopolitical escalations in the Gaza Strip. The Euro is testing upwards into 1.0570 after slipping down into …

Following a significant spike in T-bond yields, the market has momentarily stabilized, but Americans continue to borrow heavily despite Fed Chair Jerome Powell’s 18-month efforts to alter their borrowing and spending habit.Middle East tensions could boost gold, US dollarTensions in Palestine are causing investors to seek safe-haven assets and monitor …

Officials at the ECB alternately play down the prospect of future rate increases. On Thursday, the EUR/USD was moving higher, stretching for 1.0550 ahead of the end-of-week release of US non-farm payroll data. At the time of writing, the pair is trading at 1.0548.As ECB policymakers continue to downplay the …

“We’ve seen positive inflation data and a concurrent rise in long-term rates. Although it might be deemed excessive, it aids in tightening financial conditions for the European economy, according to ECB policymaker Francois Villeroy de Galhau, who made the statement on Thursday.Villeroy continued, “So today, I don’t think an additional …

The EUR/USD reached a daily high of 1.0532 on Wednesday, but Euro upside remains limited due to mixed economic data for the EU and US. Eurozone Retail Sales fell 2.1% YoY in August versus -1.2% expected, while the European Producer Price Index (PPI) improved slightly over the forecast -11.6%. European …