ECB minutes

The European Central Bank released the minutes of the meeting held in June last week. The minutes covered the monetary policy meeting where the ECB announced its forward guidance. This included tapering the current bond purchases to 15 billion euro from September and an eventual end to QE by December 2018. The minutes showed that interest rat...

2018-07-18 John Benjamin Read more

The month of June stood out with two major central banks taking monetary policy decisions. The U.S. Federal Reserve hiked interest rates by 25 basis points while the European Central Bank announced a modest taper to 15 billion euro starting from September and eventually ending its QE program by December 2018. The U.S. dollar continued to main...

2018-07-03 John Benjamin Read more
ecb holds

The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate which is at -0.40% and the marginal lending rate which is at 0.25% were left unchanged. However, invest...

2018-06-21 John Benjamin Read more

The market was rocked last week as the ECB delivered a blow with a double-edged sword at its June monetary policy meeting. The central bank announced that it would wind down its massive quantitative easing program by the end of 2018 though bulls were left disappointed as Draghi added the caveat that rates will be kept on hold “at least through t...

2018-06-19 James Harte Read more

In our weekly video analysis from PIA-First, Ian Coleman is highlighting formations, support and resistance levels and bias going into this week. [shortcode-variables slug="go2_tradeideas"]  

2018-06-18 Ian Coleman Read more
european central bank

Speculators are likely to turn cautious on the euro currency heading into this week's European Central Bank's monetary policy meeting that will be held on June 14th. The ECB's meeting comes just a day after the FOMC meeting. U.S. short term interest rates are expected to be hiked by 25 basis points as the markets brace for forward guidance to de...

2018-06-13 John Benjamin Read more
Market Pressure Mounts on Italian Assets

One Step Closer To The Edge Italy has moved even closer to unprecedented territory this week and while an eleventh-hour failure cannot be totally counted out, it seems that a government between The Five Star Movement and League is likely to happen. What isn’t clear, however, is whether such a government would be capable of delivering its pledge...

2018-05-24 James Harte 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
German exports posts the biggest decline

Exports from Germany fell sharply in February marking the biggest monthly decline since 2015 as the trade surplus narrowed. Official data released on Monday showed that growth in Europe's largest economy might have slowed towards the end of the first quarter. On a seasonally adjusted basis, German exports fell 3.2% on a month over month basis...

2018-04-19 John Benjamin Read more
trade wars and higher euro

Concerns start to rise on the growing uncertainty in global trade which was not so long ago touted as one of the reasons for helping the Eurozone and especially German imports. The Eurozone posted one of the fastest growths in 2017 in nearly a decade led by higher imports with countries such as Germany running a trade surplus. However, the op...

2018-04-04 John Benjamin Read more