Tag Archives: Eurozone

The EUR/USD pair’s upside momentum faltered once again around 1.0530. The breakout of that resistance could lead up to a test of 1.0713. The EUR/USD pair gives away initial gains and sinks in the red territory below the 1.0500 support on Thursday. The constructive outlook for EUR/USD should remain unchanged …

The Euro sheds some ground against the US dollar on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading …

The US dollar recorded fresh losses on Wednesday against most of major rival currencies. The dollar’s decline was contained, but it is obvious that further declines are probable.Earlier in the day, China announced a series of measures easing Covid-linked restrictions. The US Treasury yield curve inverted the most in over …

Eurozone’s Retail Sales dropped by 1.8% MoM in October versus -1.7% expected and 0.8% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -2.7% in October versus 0% recorded in September and -2.6% consensus forecast. The euro shrugs …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …

On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …

Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday. On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast. EURUSD comes under …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September’s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print. The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% …

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council’s decision to hike key rates by 75 basis points in October. “Supply bottlenecks are easing.”“Depreciation of the euro has added to inflation.”“Price …

The American dollar resumed its journey to the south, falling against its major rivals. The EUR/USD pair reclaimed parity and approaches 1.0100 ahead of preliminary Q3 Gross Domestic Product estimate in the United States, September Durable Goods Orders reading (expected to up by 0.6%) and the European Central Bank monetary …