Draghi

USD Keeping Quiet Its been a stagnant week so far for the US dollar. The index is continuing to tread water in the middle of the 97.10–97.68 range. A lack of key US data has seen focus shift elsewhere with little on the slate for today’s… Read More

The European Central bank will be holding its monetary policy meeting tomorrow. President Mario Draghi and the governing council will be keeping monetary policy unchanged. This comes as the central bank announced policy changes at the… Read More

The week ahead is a bit slow with economic data taking a backseat. The main event risks this week will be the European Central bank’s monetary policy meeting and the Fed meeting minutes. Brexit will remain in the headlines as the EU… Read More

The European Central Bank will be releasing its monetary policy meeting accounts today. The minutes cover the monetary policy meeting held in early March. Back then, policymakers in the eurozone decided to leave all key interest rates… Read More

The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December to $51.1. The deficit shrank on lower oil imports and surged in soybean exports. The data… Read More

RBNZ Sends NZD Sinking A quiet data sheet today saw limited moves over the European morning following explosive moves in NZD last night. This came in response to the RBNZ rate decision. While the bank kept policy unchanged, NZD was sent… Read More

During a speech in Italy on Friday, ECB president Mario Draghi warned of the dangers of leaving the European Union. Draghi’s main message was that a country leaving the EU or the single currency would not necessarily find greater… Read More

Speaking at European Parliament yesterday, Mario Draghi, the head of the ECB, told MEPs that although the eurozone is facing growing downside risks, the central bank does not feel that further monetary support is required. Draghi’s… Read More

Despite initial weakness observed in response to a dovish ECB press conference from Draghi, which saw the ECB chief acknowledging building downside risks to the eurozone, EUR managed to post a strong reversal on Friday. EUR strengthened… Read More

The Euro currency came under pressure yesterday amid a mix of weak economic reports and the dovish ECB meeting. Ahead of the ECB meeting, the flash PMI's covering the manufacturing and services sector showed that activity declined in both… Read More