ECB

Eurozone CPI: Confirming the Rate Cut? At its last meeting, the ECB kept rates unchanged, but left the door wide open for a potential rate cut when it meets again in September. Since then, data has generally been cooler than expected,…
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GBPCAD pair stuck sideways The GBPCAD pair looks for direction after a continuous consolidation leaves support at 1.7700. A close above the high of 1.7850 will attract momentum buyers, sending the pair towards a multi-year high of…
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European Inflation: Enough to Resume Slide? The Euro experienced a bit of a relief rebound early on Monday following the election results in France. But uncertainty remains until the second round this weekend. And the data has been…
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French Elections Dragging on the Euro We're heading into a weekend that could be a bit fraught for the Euro, as French voters head to the polls. The shared currency has been underperforming since earlier this month when French President…
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XAUUSD pressured by progressive NFP data Gold softens as a surprise boost in NFP data saw the dollar jump. The correlation between the yellow metal and the greenback resumed, with a sell-off breaking many supports. After Jerome Powell…
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Inflation is likely to be a watchword of the central bank in the coming months. So it will be relevant to forex dynamics and stock markets. But there is still no firm consensus among economists about what will happen. For us traders,…
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Damaged Dollar Claws Back Some Ground The US index gained some traction yesterday as it closed 0.12% higher, breaching the 91 handle. Risk aversion seems to be supporting the greenback for now, as the House of Representatives approved a…
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Among major economies, the Eurozone has been done the least in terms of government stimulus spending. Even at the level of the member states, stimulus spending has been comparatively low. We're still waiting on an agreement on the…
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Last week’s highlights Australia retail sales rise by 1.4% in October The latest retail sales data from Australia showed a pickup in activity. On a seasonally adjusted basis, retail sales on the month rose 1.4% in October. This was shy…
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