Eurozone

EURUSD Non-Commercials increased their net shorts in the Euro last week selling a further 6k contracts to take the total position to -61k contracts. The main focus this week will be whether the ECB proceeds as expected and announces an… Read More

On December 7-8 the leading German center-right party, the Christian Democrat Union (CDU) will hold its annual conference, which is especially important for the markets this time because they are expected to elect a new party leader.  This… Read More

In yet another data release highlighting weakness in the Eurozone economy, the Q3 GDP reading for Italy came in below expectations, contracting 0.1% on the quarter vs. an expected unchanged reading, and printing 0.7% on the year vs. an… Read More

06:00 EST (12:00 CET) looks to be rather busy for the EURUSD with two important bits of data being released at the same time: November EZ consumer price index and October final unemployment rate. Each on their own could move the market, so… Read More

Recent weakness in Eurozone survey data suggests that Eurozone growth is likely to remain below the trend rate in Q4. A broad slew of Eurozone economic indicators, as well as indicators in individual member economies, have turned lower over… Read More

Speaking to a European Parliament committee this week, Mario Draghi, president of the ECB, confirmed that the ECB is still on course to cease QE by year-end. The ECB chief said that despite recent data being “somewhat weaker than expected,”… Read More

The European Central Bank released its monetary policy meeting accounts last week. The minutes cover the ECB's monetary policy meeting held on October 24 - 25. The Central Bank did not announce any major policy decisions at this event.… Read More

On Sunday, Switzerland held a referendum on a proposal to make the Swiss Constitution supercede international law, with around two-thirds rejecting the measure. It was raised in the context of ongoing negotiations between Switzerland and… Read More

The EU summit held over the week saw European leaders formally approve the UK’s withdrawal agreement as well as the “Future Framework” which will govern Britain’s departure from the EU. Despite vocal protests from both France and Spain… Read More

On Friday, November 23rd we have the release of Markit PMI for the Eurozone, which by itself can move the market. However, given the lackluster performance of equities in Europe recently, with the Stoxx 600 hitting a two-year low on… Read More