European Central Bank (ECB)

Earlier this month, the Bank of America's research department sent a note to clients suggesting that the next month or so could be a bright spot for US equities. Broadening out the analysis to include other markets, the reports we are…
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EURUSD breaks key support The euro fell after the ECB insisted that there is no rush to raise interest rates. The price has given up all gains from the March rebound. Even though a bullish RSI divergence shows a slowdown in the…
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The consensus is that the ECB isn't going to make any major changes at its next meeting. But there is still an expectation that they will lay the ground for taking action at the next meeting. So, we could get some market reaction from…
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EURUSD falls over hesitant ECB The euro softens over stark policy divergence from hawkish FOMC minutes. Soaring energy prices have pushed inflation in the eurozone to a record high of 7.5%, and the ECB is under intense pressure to…
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In early March, the FTSE 100 reached a post-pandemic high, practically recovering all of the losses from the prior two years. This was something of a milestone for the index, which had been underperforming since the start of Brexit. But,…
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Firstly, let's get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps.…
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USDCAD struggles for support The Canadian dollar surged after a sharp drop in February’s unemployment rate. A break above the recent peak at 1.2875 has consolidated the US dollar’s lead. The RSI’s repeatedly overbought condition has…
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Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn't the headline that got most of the attention from the press. Specifically, it was the…
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Up until about two weeks ago, there was a pretty strong consensus that the ECB would take the first step towards monetary policy normalization at tomorrow's meeting. That's when the covid asset-buying program (PEPP) would run out. There…
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While everyone has been focused on the horrors of the war in Ukraine, the potential economic fallout has been a little ignored. There have been some passing mentions of the wheat prices, but it still appears to be something only niche…
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