Next Thursday’s European Central Bank meeting is expected to be crucial as officials are set to call time on pandemic-triggered stimulus. The question now is how much support to leave in its place given the emergence of the Omicron COVID-19 variant and hot inflation data. The five questions on the …
Read More »Dubai TV Interview, Nov. 30, 2021
Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts shed light on a number of developments in the markets this week Oil Hashad indicated that last Friday, there was a state of panic that …
Read More »Lagarde: Inflation to Slow From January
European Central Bank President Christine Lagarde said on Friday that she expects inflation to begin to slow from January.“We will take action if it becomes necessary, she added, before stating that, under the current conditions, she also expects the Eurozone will no longer need net bond purchases under the PEPP …
Read More »Dubai TV Interview, Nov. 22, 2021
Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, shed light on a number of developments in the markets this week: European Stocks Hashad commented on how markets would deal today with concerns over …
Read More »Weekly Recap 15-19 November
It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …
Read More »Lagarde, Weidmann Clash Over Inflation Response
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 …
Read More »Euro Hit By Bets On ECB’s Policy
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 …
Read More »EUR/USD Benefits from U. S. Dollar’s Weakness
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 …
Read More »Powell and Lagarde to markets: Hold your rate horses
All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …
Read More »Eurozone growth accelerates
Economic recovery in the Eurozone has stepped up according to new GDP data published today, with the bloc outshining the U. S. and China for the second successive quarter.Growth rose faster than expected to 2.2 per cent in the three months to September, following a rise of 2.1 per cent …
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