EUR Dives on Weak Q1 GDP Estimate

EURUSD traded sharply lower over Tuesday this week as the latest growth data added weight to the view that the eurozone’s economic recovery is moderating. The flash GDP estimate for the first quarter came in at 0.4% quarter on quarter and just 2.5% year on year, marking a sharp decline from the prior reading of 2.8% year on year in the last quar...

2018-05-16 James Harte Read more

Daily Forex Market Preview, 16/05/2018 The markets were trading mixed amid a day that saw weaker economic reports from the Eurozone and a slightly upbeat jobs report from the UK. The U.S. dollar gained strength late in the day as the currency surged on rising yields. The UK’s monthly jobs report showed that real wages were finally starting...

2018-05-16 John Benjamin Read more
ECB Officials Maintain Hawkish View

The ECB President Mario Draghi and other officials were seen speaking over the week as ECB offficials maintain hawkish view. The Lithuanian central bank governor and member of the ECB's governing council, Vitas Vasiliauskas gave an interview to a German newspaper last week. In his interview, Vasiliauskas gave hawkish comments noting that the ...

2018-05-15 John Benjamin Read more
EUR Longs Continue To Decrease

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 60 contracts to take the total position to 120.5k contracts. Despite being only slight in size, this latest positioning adjustment marks the third consecutive week where EUR longs continue to decrease, as investors continue to dial back their ECB tightening ...

2018-05-14 James Harte Read more

ECB President Mario Draghi on the Mic at 13:15 PM GMT, in his home country. The speech is not supposed to focus on any monetary policy indications, therefore, market participants would most likely remain on their current bias when it comes to the EUR. During the previous ECB Press Conference, Draghi did not raise any eyebrows, and especial...

2018-05-11 Richard Tataru Read more
Eurozone Q1 GDP rises slower than expected

The Eurozone Q1 GDP rises slower than expected during the first three months of the year, as widely expected. Official data released last week by the European statistics agency, Eurostat showed that the Eurozone economy advanced 0.4% in the first quarter. This was widely in line with expectations, but the data showed a slower pace of growth c...

2018-05-11 John Benjamin Read more
Euro slips after ECB leaves monetary policy unchanged

The European Central Bank was seen holding monetary policy unchanged at its meeting last Thursday. The ECB President Mario Draghi was widely expected to down play the concerns over the recent weak patch of economic data from the Eurozone and the markets expected Draghi to leave the option open to end the bond purchases by the end of the year. ...

2018-05-03 John Benjamin Read more
ECB Will Keep Buying Bonds Sinks EUR

ECB Keeps Policy Unchanged In line with broad market expectations, the ECB kept monetary policy unchanged at its April meeting held today.  The bank kept its main refinancing operations at zero and the interest rates for the marginal lending facility and the deposit facility at 0.25% and -0.40% respectively. We continue to expect interest ra...

2018-04-27 James Harte Read more
April ECB Monetary Policy Meeting Preview

In the April ECB monetary policy meeting preview we look at how the European Central Bank will be holding its monthly monetary policy meeting this week on Thursday. No changes are expected to the interest rates or the central bank's QE purchases at this week's meeting. Investors will be clued into the message from the ECB and also the press c...

2018-04-25 Ashraf Laidi Read more
ECB and BoJ Meetings

As the markets head into the final week for the month of April, the economic calendar continues to steam ahead with lot of economic releases. Central bank meetings take the spotlight this week with both the European Central Bank and the Bank of Japan lined up. No changes are expected from either of the central bank meetings this week. However...

2018-04-24 John Benjamin Read more