European Central Bank (ECB)

Canadian data of late has been something of a mixed bag, which puts some uncertainty into what the BOC could do. There is a pretty strong consensus that there won't be any change in the interest rate. But what could move the markets is how…
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The Euro got a boost following the flash PMIs last week which were above expectations. Albeit, the expectations were for continued contraction, and the results point to contraction. Just that the downward slope isn't as bad as initially…
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USDCHF drifts lower The US dollar softens amid expectations of an end to the Fed tightening. The pair continues downward in search of bids as short-term sentiment remains pessimistic. As the daily RSI indicator sinks into the oversold…
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For Americans, Thanksgiving is the day when the holiday season starts. For traders, it also usually means the start of a bullish trend that often lasts to the end of the year. But Black Friday usually is particularly good for the markets,…
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USDCHF struggles for bids The US dollar slips as the market prices out additional rate hikes amid cooling inflation. A fall below the daily support of 0.8900 has invalidated the rebound from late October, putting buyers under renewed…
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EURUSD jumps as rate difference may stay steady The euro clawed back previous losses as the Fed might keep its rates unchanged from now on. The US dollar’s weakness in the wake of a soft CPI reading has sent the single currency flying.…
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For over a month now, the EURUSD has been trending higher, thanks in large part to a weaker dollar. With both the Fed and the ECB shifting to a holding pattern from a hiking bias, it appears that a new situation is developing. Do the…
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The heads of the two largest central banks in the world are scheduled to give speeches on monetary policy this week. Later today and tomorrow, Fed Chair Jerome Powell will give an updated outlook of the economic situation. Since his…
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Global equity indices have been on the backfoot this month, thanks to a drop off in risk appetite. Normally October is a time of rebound from September, but the heightened tensions in the Middle East on top of a rise in global interest…
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As central banks move to step back from intervening in their currencies at every meeting, the fundamentals of forex are starting to reassert themselves. That is particularly the case for export-oriented economies. The primary use of foreign…
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