Tag Archives: Eurozone

The Eurozone debt crisis, which began in 2009, was triggered by high levels of public debt, particularly in countries grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain). The crisis followed the global financial downturn that started in 2008. When the US housing bubble burst, banks worldwide faced …

The new trading week began with some respectable gains for the dollar, which shed some of its NFP-related weakness and gained some new momentum in reaction to the risk complex’s widespread knee-jerk. While this was going on, investors were processing the results of the French snap elections and progressively turned …

Eurozone manufacturing activity contracted in June due to faster contractions in output, new orders, and employment, according to the latest HCOB Purchasing Managers’ survey data by S&P Global. The manufacturing Purchasing Managers’ Index (PMI) fell to 45.8 in June from May’s 14-month high of 47.3, suggesting a strong and accelerated …

Political Uncertainty and Rising Dollar Pressure Euro The euro fell to a one-month low on Tuesday, weighed down by political concerns in Europe and the anticipation of key U.S. economic data and Federal Reserve interest rate projections. Investor fears surrounding the rise of eurosceptics in recent European elections and the …

The Eurozone economy experienced its fastest growth in a year during May, primarily driven by a flourishing service sector that outpaced the ongoing contraction in manufacturing. This positive trend, revealed in a private survey, also highlighted easing price pressures, potentially providing the European Central Bank (ECB) with room to maneuver …

The euro closed Monday’s trading higher rise, driven by an improvement in risk appetite cross financial markets, fresh German economic data, in addition to some other factors related to monetary policy. Wall Street has seen intensive stock buying since the beginning of morning trading in the markets on the first …

The Eurozone will shortly release its inflation data. This information holds significant importance as it directly influences price movements in financial markets. Additionally, it plays a crucial role in shaping the trajectory of the Euro (the unified European currency) and impacts price actions in European stocks during the upcoming session.According …

On Monday, market dynamics suggest a potential rally in the USD/JPY pair. Throughout May, the US dollar exhibited weakness, while risk sentiment strengthened due to expectations of monetary policy easing by the Federal Reserve. Despite this trend, markets are seeking a new catalyst, aside from economic data, to drive significant …

In April, the persistent downturn in euro zone manufacturing activity intensified due to weakening demand, despite factories slashing prices. This compelled businesses to further trim their workforce, according to a survey released on Thursday. The final euro zone Manufacturing Purchasing Managers’ Index (PMI) by HCOB, compiled by S&P Global, dropped …

The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …