Tag Archives: Eurozone

The EUR/USD continues to move sideways around the parity level ahead of next week’s FOMC meeting. The risks on the EUR/USD are tilted to the downside and they warn it could drop to 0.95.The insecurely position of growth in the Eurozone in the coming months may mean that higher short-term …

In his speech at the annual international conference of the Center for Research on Regulation and Supervision of the Financial Sector (CIRSF) on Thursday, European Central Bank Deputy Governor Luis de Guindos said that there are significant threats facing the future of the European Union’s financial system, which have made …

Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data published by the US Census Bureau showed on Thursday. This reading followed July’s decrease of 0.4% (revised from 0%) and came in better than the market expectation for a no-change. Retail Sales ex Autos …

European Central Bank’s policymaker Francois Villeroy de Galhau said on Wednesday that he estimates the euro area neutral rate at below or close to 2% and added that they could reach it by the end of the year.“Monetary normalization is fully warranted in the euro area, too early to say …

The US Census Bureau will release the August Retail Sales report on Thursday, September 15 at 12:30 GMT, and as we get closer to the release time, here are the forecasts of economists and researchers of three major banks regarding the upcoming data. Commerzbank “The drop in gasoline prices is …

The UK economy grew during the month of July of 2022 by 0.2%, which came less than expectations that indicated a growth of 0.3%, to get the economy out of a contraction, it suffered in June when the economy recorded a contraction of 0.6%. The services sector recorded an increase …

money markets expect the ECB to raise rates by 75 bps – the main lending rate from 0.50% to 1.25% and the deposit rate from 0% to 0.75%. In such a scenario – which is the most likely one – the focus will swiftly shift to the next factors. If …

The US dollar started the week with positive performance against most major rival currencies, although a Federal holiday in the US maintained volumes at their lows and major pairs within limited intraday ranges.On Monday, Moscow decided to cut energy to Europe until Western sanctions are lifted. Germany announced it will …

A European Commission spokesman said on Monday that Russia could pump more gas to Europe via other routes after the Nord Stream 1 pipeline was shut down, but Moscow chose not to. “If there is a technical problem that hinders supplies via Nord Stream 1, it is possible, if there …

Eurozone’s Retail Sales rose by 0.3% MoM in July versus 0.4% expected and -1.0% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -0.9% in July versus -3.2% recorded in June and -0.7% estimated.