Tag Archives: Eurozone

The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …

German central bank head set up a clash over Eurozone monetary policy warning that inflation is to stay above the ECB’s target for longer than expected.Jens Weidmann told a banking conference in Frankfurt on Friday: “Given the considerable uncertainty about the inflation outlook, monetary policy should not commit to its …

The European Central Bank’s President Christine Lagarde is set to deliver a speech Friday, 19 November, amid traders and investors’ speculations that the Eurozone central bank could lag behind Fed and world peers on rate hike decision. Meanwhile, the euro touched its lowest level in 16 months this week as …

The European session on Wednesday was mostly flat. Gold is now at $1,863.61 an ounce, up 0.7%, while gold contracts are at $1,865.7 an ounce, up 0.63%. As for the US dollar index DXY, which measures the currency’s strength against a basket of foreign currencies, it recorded 95.86, with a …

The European session did not see strong moves and the markets were waiting for the retail sales from the US as well which came in better than expected. The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the …

The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

Markets were waiting for US inflation data, which came in better than expected. Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market …

The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while …

EUR/USD advances to begin the trading week on the right stance, up 0.18%, trading at 1.1587 during the day, as positive market sentiment as witnessed by rising US stock indices prevails the financial markets. In the Forex market, risk-sensitive currencies rise, with the NZD, the GBP, and the AUD, as …