Tag Archives: ECB

The EUR/USD pair rallied benefiting from the weaker US dollar and ECB hawkish commentary. The US central bank Chair Jerome Powell’s speech on Tuesday did not provide any guidance concerning the future of the US monetary policy ahead of the awaited Thursday’s US CPI report with estimates at 0% MoM …

The European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end.The ECB’s policymaker added “even though inflation may have some resistance in January and February it will resume falling in March.”EUR/USD pair is trading at 1.0741 at the …

The EUR/GBP pair has paid little attention to the news related to Northern Ireland this week although, this week’s news provides a glimmer of hope for the outlook regarding the Northern protocol and consequently for an improvement in investor sentiment, as the factors impacting the UK economic backdrop remains sour.The …

Industrial Production in Germany increased in November, the official data showed on Monday, suggesting that the manufacturing sector is showing some signs of recovery. Eurozone’s economic powerhouse’s Industrial Output rose by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs -0.1% prior. …

Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …

Berenberg Bank on Friday adjusted its terminal rate forecasts in light of the developments of the last 48 hours, adding an additional 25 basis point rate hike for the Fed in 2023, taking the peak to a range between 5% and 5.25% over the course of the first three meetings …

The US dollar is reaping the fruit of the hawkish stance adopted by the Fed Chair Jerome Powell, reacting late to the US Fed’s decision.The dollar soared to fresh weekly highs against most major rival currencies, ending the day with substantial gains amid a risk-averse environment. The dollar rallied since …

The Euro is soaring more than 100 pips against the Pound Sterling. ECB’s Lagarde opened the door for further 50 bps rate hikes in subsequent meetings. At the time of writing, the Euro has gained traction against the Pound Sterling (GBP) and is trading at 0.8705, above its opening price …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …