What is Driving EURUSD

Italian Elections Fail to Produce a Majority The Italian elections over the weekend failed to provide any major catalyst for a directional move in the Euro despite a couple of key surprises. The two anti-establishment parties performed much better than was expected judged by the latest polling results heading into the elections. However, no par...

2018-03-23 James Harte Read more
monetary policy meetings

The week ahead will the Bank of Japan and the European Central Bank meetings. Both the monetary policy meetings will come into focus as the previous week's announcement from the BoJ and the ECB's meeting minutes suggested that the central bank could be turning the corner. On the economic front, labor market data will be coming up on Wednesday...

2018-03-20 John Benjamin Read more
Mario Draghi

Summary: Investors gear up for the ECB's tapering announcement Expectations are for the central bank to cut its QE purchases by as much as 30 billion euro Scope of the re-calibration to be in effect for at least nine months starting January 2018 Majority of the QE re-calibration to come from the corporate bond purchases ECB ex...

2017-12-12 John Benjamin Read more
ECB Draghi

The week ahead will be marked by central bank meetings that include the BoC, the Swedish Riksbank, and the ECB. The ECB's meeting will, however, dominate the wires. On the economic front, the US and the UK's advance GDP reports will be coming out alongside the quarterly inflation data from Australia. Here's a quick recap into this week's econo...

2017-12-12 John Benjamin Read more
October 2017 calendar

September was marked by some big events that include the FOMC, ECB meetings in the backdrop of the German elections. The month was largely a non-event with most of the outcomes coming in line with market expectations. The ECB managed to match the expectations although it did not make any major changes. The market reaction was also very well man...

2017-10-22 John Benjamin Read more
ECB Monetary Policy Preview

Economy & ECB Fuel EUR Rally EUR has been soaring higher over recent months as consistently strong data out of the eurozone, and a more constructive tone from the ECB have encouraged the market view that the ECB will be winding down its QE program sooner rather than later. At their summer meeting, the ECB said that decisions on QE would be ...

2017-09-07 James Harte Read more
ECB Draghi

The European Central Bank's meeting this week will most likely be a non-event as far changes to monetary policy is concerned. This includes the QE purchases staying unchanged at 60 billion euro per month while the key deposit and lending rates will remain steady. However, the fireworks could most likely come during the press conference when t...

2017-07-19 John Benjamin Read more

The week ahead will see the U.S. dollar take a back seat as the baton is passed over to the European Central Bank (ECB) and the Bank of Japan (BoJ). Both the central banks are expected to make no changes to monetary policy. However, forward guidance will be a key factor, especially for the ECB. Elsewhere, New Zealand will be reporting on the ...

2017-07-17 John Benjamin Read more
JUly_FX Outlook_3006

The month of June was remarkably quiet with the exception of the UK's snap elections. The so-called strategy backfired against the Theresa May's Conservative party. Despite getting a majority, the political party was still short of getting a majority in the parliament. Political deal making continues. Alongside, the EU - UK Brexit negotiations h...

2017-07-26 John Benjamin Read more
ECB meeting_Mario Draghi_0906

The European Central Bank's monetary policy meeting was held on Thursday in Tallinn, Estonia. At the meeting, the central bank decided to leave monetary policy and QE unchanged. Much to the disappointment of the markets, the ECB's meeting yesterday was mixed, if not dovish which saw the euro giving up the gains on the day. The run up to $1.120...

2017-07-26 John Benjamin Read more