Tag Archives: ECB

The Euro has witnessed a remarkable resurgence in recent weeks, buoyed by increasing expectations that the Federal Reserve (Fed) will significantly cut interest rates in the coming months. This shift in sentiment has been driven by a confluence of factors, including weakening economic indicators in both the US and Eurozone, …

The euro experienced a sharp decline against the dollar on Monday as recent business activity data painted a gloomy picture of the euro zone’s economic health, heightening expectations that the European Central Bank (ECB) may resort to more policy easing later this year. The common currency dropped by 0.6% to …

Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

The EUR/USD currency pair experienced a volatile trading session on Thursday, with the euro initially gaining ground against the US dollar before surrendering much of its intraday gains. The market’s reaction was primarily driven by the Federal Reserve’s (Fed) aggressive interest rate cut and diverging expectations regarding the European Central …

The EUR/JPY pair experienced a significant uptick, surpassing the 157.00 mark, despite a disappointing ZEW economic sentiment survey from the Eurozone and Germany. This surge was primarily driven by the strengthening US dollar against the Japanese yen, influenced by positive US retail sales data.While the Federal Reserve’s upcoming monetary policy …

The market is currently focused on the potential policy decisions of the Fed, with strategists believing that the risk of EUR/USD dropping back to 1.10 is high. Market expectations regarding a possible September rate cut from the Fed began to firm up in July, leading to the USD underperforming all …

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

The European Central Bank (ECB) announced significant rate cuts on Thursday in response to mounting concerns over economic slowdown in the Eurozone. The ECB lowered its key interest rates across the board, signaling a shift towards more accommodative monetary policy. The interest rate on the marginal lending facility was reduced …

The release of the August Consumer Price Index (CPI) in the United States sent a ripple effect through global financial markets. While the headline inflation rate eased slightly, the core CPI, which excludes volatile food and energy prices, remained sticky. This reading has tempered expectations for a bolder ‘50 basis …

The recent release of the August 2024 Consumer Price Index (CPI) report has provided valuable insights into the current state of inflation in the United States. While the headline inflation rate has continued its downward trajectory, underlying inflationary pressures persist, raising questions about the Federal Reserve’s future monetary policy decisions.Key …