European Central Bank (ECB)

For the past few weeks, everyone has been talking about Deutsche Bank. It is not only Germany’s largest bank, but it is also considered a key element of the global financial system. As you may have heard, the bank is on an edge if a…
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For the past four months, the Euro has been trading within a range of 1.09 – 1.14 with no clear break above or below these solid levels, leading technical indicators to show flat lines on the longer term view, which makes it more difficult…
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The currency markets opened on Monday on a quiet note with most of the trading confined to the Asian and European sessions. The US and Canadian markets were closed on Monday. Economic data during the day was confined to the services PMI…
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Market Summary Japan Q2 GDP revised from 0.0% to 0.20% China imports and exports fare better than expected Australia trade deficit at 2.41 billion Japan’s economy watchers sentiment improves to 45.6 ECB leaves minimum bid…
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Despite a few hiccups, the single currency managed to regain the lost ground on Tuesday on a weaker dollar. Prices closed above the 1.1200 handle with Wednesday seeing very muted movements in the currency pair. With the ECB meeting due…
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The British pound closed the week as the top currency gaining 1.38% relative to the US dollar. The gains came on a surprise improvement in the UK's manufacturing PMI. Although construction PMI still showed a contraction, the better than…
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The US dollar was seen trading stronger for the week with the biggest declines coming from the Turkish lira. The markets opened this week on the news of a failed military coup in Turkey. However, by Monday morning, the situation was under…
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Summary: ECB expected to sit on its hands at today’s meeting with no changes expected to key rates ECB likely to wait and assess the impact of Brexit before making any changes to monetary policy ECB could address the issue of…
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Image via © European Union 2016 - European Parliament. Press statement on the UK EU referendum with Manfred Weber Following the surprise decision to leave the EU membership, the latest developments are likely to hit the financial markets…
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In a close call, the RBNZ decided to leave the OCR rate unchanged at 2.25% at its meeting yesterday. UK’s trade balance data narrowed in April. China’s inflation grew at a weaker pace of 2.0%, down from April’s 2.30%, while PPI continued to…
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