Draghi

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

As expected, the ECB maintained policy at current levels at the January meeting held today, with a statement that was little changed from last time around. However, in light of the continued trend of negative data out of the eurozone, as… Read More

Please note: Excerpts from institutional research are intended for information purposes only and do not constitute investment advice or reflect the opinions of Orbex. Read More

Gold Gold prices have been slightly softer this week due mainly to a rebound in the US Dollar. Despite heavily delayed US news flow, due to the ongoing US government shutdown (now the longest in history), USD has managed to claim higher… Read More

Following the drop in US stock indices at the end of last year, there was quite a bit of press talk about a potential recession. But that has gone by the wayside now that the Dow managed one of it's best starts of the year in history.… Read More

The European Central Bank released its meeting minutes from the December monetary policy meeting last week. The minutes showed that ECB officials were close to giving a downbeat assessment of the economic prospects for the Eurozone. The… Read More

The release of the December ECB meeting minutes last week confirmed that the central bank is comfortable with its current monetary policy situation. The minutes were closely watched following the ECB’s warning during the December meeting… Read More

As the first key data sets for December begin trickling through, it is clear that many central banks were prudent in their acknowledgment of downside risks towards the end of last year. Following US manufacturing PMIs having slipped to a… Read More