Tag Archives: ECB

As markets position themselves ahead of the Fed, the EUR/USD was breaking to the upside. The Fed is anticipated to maintain current interest rates and provide an updated economic forecast.30 minutes following the release of the data, Fed Chair Jerome Powell will attend a press conference. In the lead-up to …

Market Drivers – US Session, September 14, 2023The EUR/USD pair resumed its downtrend, falling to the 1.0630 area. It posted the lowest daily close in months and remains under pressure. EUR/CHF suffered its worst day in months, dropping from weekly highs at 0.9600 to 0.9530, with a crucial support area …

On Thursday, when the European Central Bank hinted that its monetary tightening was coming to an end, European stocks had their largest percentage gain in six months. The Eurozone equities index increased 1.3%, while the pan-European STOXX 600 index increased 1.5% to reach a more than one-week high.European stocks climbed …

Bitcoin price is targeting $27,000 as bulls ignore surprise PPI inflation data. Despite recent macro data showing a rebound in US inflation, Bitcoin traders are anticipating greater increases. The Consumer Price Index (CPI) and Producer Price Index (PPI) August prints reaffirmed the US inflation return, and Bitcoin continued to gain …

The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …

The dollar index rose on Wednesday after US economic data showed inflation increased for August, but did little to change expectations for the path of rate hikes from the Federal Reserve. The consumer price index increased by 0.6% last month, the largest gain since June 2022, as gasoline prices jumped. …

European stocks closed down 0.4% on Wednesday, with investors anticipating the latest rate call from the ECB. Inflation remains a significant issue for national European central banks, with the Bank of England caught between a rock and a bigger rock.The German DAX and France’s CAC40 both ended trading down around …

The European Central Bank is set to announce its Monetary Policy Decision on September 14, and as the release time approaches, economists and researchers from 10 major banks predict a range of outcomes. Markets are split, with 26 analysts polled by Bloomberg seeing no change and 23 seeing a 25-bps …

Early Tuesday trading saw a decline in the EUR/USD pair, and buyers are attempting to make up ground. Midweek economic data from the US and EU will make the charts more difficult to read. Along with US inflation data due soon, the ECB rate decision is just around the corner.After …

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …