European Central Bank (ECB)

EURUSD cuts through resistance The euro surges as the market prices in inflation pressure despite the ECB’s dovish message. Bullish candles have pushed the single currency above the triple top (1.1665) which sits on the 30-day…
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With most central banks in the world "normalizing" their policy, and some moving to raise rates somewhat dramatically, the ECB is in a unique position. While there is a lot going on, and plenty of things for ECB members to talk about,…
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EURUSD recovers as ECB taper pressure grows The euro bounces back as markets expect a more aggressive stance from the ECB. Now that growth within the bloc has almost recovered to the pre-pandemic level, the ECB is one of the last…
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Over the weekend there were media reports of a potential adjustment in ECB policy regarding its asset purchases. At first glance, it appeared to be just talk of a mere technical change and could have passed unnoticed. It's still in the…
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The euro has been tracking lower for several months now. And there are several analysts who think that trend will continue. Most recently, JPMorgan suggested that the EURUSD could drop as far as the 1.1000 handle. In fact, there are some…
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The eurozone's better than expected services PMI could suggest that the European economy is on track for growth. The services sector, of course, suffered the most from covid, and its recovery would be a strong sign of improvement over…
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As anticipated, the German federal election results came in with a narrow plurality for the center-left SDP party. This is the closest result in history, suggesting that it will be the most difficult coalition negotiation as well. Some…
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Normally, the release of the eurozone inflation data isn't that much of an event for the markets. This is because we get the result from the publication of the major EU economies' CPI figures in the days ahead. Traders already know what…
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Now that most major economies are in taper mode, the question is whether the ECB will join in. There are many reasons to expect a reduction in asset purchases. But the ECB is also in the "best" position among major central banks to…
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Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures' release, we can expect some extra volatility in the pound and euro pairs. Lately, both currencies have…
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