ECB

Composite PMI Data Declines in July The latest batch of Eurozone data provided more questions than answers ahead of the upcoming ECB meeting this week. The flash composite PMI for the Eurozone declined to 54.3 after a small uptick to 54.9 in June, printing below the market forecast. [shortcode-variables slug="learn-forex-basics"] The brea...

2018-08-03 James Harte Read more
Euro coin on Italian flag

Let's start with the Euro today and then, you might want to read about Italy’s possible innovation, which can be the next big thing in Europe and the world. Earlier this week, the Euro shocked the banks around the world, rising well above 1.20 mark,  the level most of the investment banks considered it would take more than 5 years for the Euro ...

2017-08-31 Nour Eldeen Al-Hammoury Read more
Euro Dollar_Technical outlook

At the beginning of the year, the Euro kicked off the year lower and posted the lowest level since 2003 around 1.04. Back then, investment banks were very bearish on the Euro, estimating a sharp decline well below the parity level with the US Dollar. Some banks downgraded their estimates multiple times, some were estimating 0.95, and the major...

2017-08-02 Nour Eldeen Al-Hammoury Read more
Euro Dollar_Technical outlook

Despite the recent remarks by many of the Federal Reserve members last week, the US Dollar failed once again to sustain any gains across the board. This is also despite the fact that the Federal Reserve is planning to sell some of its assets later this year. Most of the members including the Federal Reserve Chair Janet Yellen are still looking ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
ECB_Mario Draghi_0512

Summary: ECB meets in the backdrop of the French elections No changes to monetary policy are expected at this week's meeting ECB officials maintain that current policy is appropriate Only concrete signs of an increase in inflation will see an appropriate policy response from ECB officials The European Central Bank will be meet...

2017-04-25 John Benjamin Read more
Mario Draghi_ECB_EUR

The European Central Bank’s monetary policy meeting today is quite likely to pass off as a non-event as some of the major Eurozone member nations gear up for elections that could potentially unsettle the current status quo. The European Central Bank is unlikely to add further to the turmoil especially with no major reasons to justify any policy...

2017-03-09 John Benjamin Read more
gold bar

Gold and Silver kicked off the year with strong gains, some would say its due to the fears of the major change in the US, especially after the elections. However, it's not only about the US; there are many factors involved. In today’s article, we will explain the reasons behind safe haven assets rally, what’s the future outlook, will it last and...

2017-01-25 Nour Eldeen Al-Hammoury Read more
Dollar_USD_USDX

Despite the fact that this week has been busy with key economic releases, trading volumes have decreased gradually. This should not be a shock or weird, as we noted in our previous reports, the volatility is likely to decline significantly during the final two weeks of the year ahead of the holiday season. Yet, another wave of volatility is yet...

2017-07-26 Nour Eldeen Al-Hammoury Read more
ECB Monetary Policy Preview

Image via European Central Bank The European Central Bank's meeting this Thursday is unlikely to prove to be a market mover as expectations are high that the central bank will be expanding its QE purchases. The ECB's governing council meets on Thursday, December 8 where the central bank is expected to announce its decision on whether it will e...

2016-12-07 John Benjamin Read more
Germany

After a wild move for the US Dollar yesterday, following positive economic releases, in addition to the Federal Reserve FOMC Meeting Minutes which increased the estimates for a possible rate hike in December meeting, the markets will take some rest during the US session, as the US banks will be closed in observance of Thanksgiving Day. However,...

2016-11-25 Nour Eldeen Al-Hammoury Read more