Draghi says too early to determine economic fallout of Brexit, will reassess in September

FRANKFURT—European Central Bank President Mario Draghi stopped short of pledging fresh stimulus for the eurozone economy on Thursday, after the ECB left interest rates on hold at its first policy meeting since Britons voted to leave the European Union. At a news conference, Mr. Draghi said it was too early to determine the economic fallout of the U.K. referendum, and stressed that financial markets had shown “encouraging resilience.”…

ECB ready to act quickly to boost inflation, says Draghi

The European Central Bank is ready to act quickly to boost anemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its Dec. 3 meeting. Mario Draghi highlighted changes to the ECB’s asset purchase program and deposit rate as possible tools to stop inflation from falling further below its target of just under 2 percent…

Markets see chance of another ECB rate cut

A year after Mario Draghi said European Central Bank interest rates had reached bottom, euro zone money markets are discounting a fair chance they could be lowered again – regardless of rising interest rates across the Atlantic. The low bank-to-bank lending rates further highlight the divergence of monetary policies in Europe and the United States, where markets see a one in four chance the Federal Reserve may hike rates for the first time in a decade on Thursday…

Greek debt swap fills ECB chief Draghi’s ‘soul with fear’, says Varoufakis

Repayment of what Greece owes to the European Central Bank should be pushed into the future, but it is not an option because it fills ECB chief Mario Draghi’s “soul with fear”, Greece’s finance minister said on Thursday. Yanis Varoufakis said Draghi, president of the European Central Bank, cannot risk irritating Germany with such a debt swap because of Berlin’s objection to his bond-buying program…

Top 10 Weekly Forex Market Headlines – 1.16.2015

1. UK inflation falls to 0.5% in December, weakest since May 2000 January 13, The U.K. experienced the slowest annual growth in consumer prices in more than a decade in December, giving a boost to British workers ahead of a general election in May. The Office for National Statistics said Tuesday the annual rate of […]

Top 10 Weekly Forex Market Headlines – 12.12.2014

1. Japan Q3 revised GDP contracted 1.9%, confirming recession December 8, Japan’s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world’s third-largest economy ahead of an election on Sunday. Data for both business and public spending were worse than anticipated… […]

QE or Not QE: How ECB’s TLTROs can offer clues

(Reuters) – The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe’s malaise. On the other side of the Atlantic, investors will continue placing their bets on a […]

Will Super Mario come to the rescue of ailing euro zone?

(Reuters) – From his office on the 41st floor of the gleaming new European Central Bank headquarters, Mario Draghi’s view stretches far beyond Frankfurt’s high-rise financial center and he doesn’t like what he sees. The darkening outlook for the euro zone’s flat and nearly inflation-less economy, exacerbated by tumbling oil prices, is driving him inexorably towards radical action…

Top 10 Weekly Forex Market Headlines – 11.21.2014

1. Japan falls into recession; PM Abe to delay sales tax hike, call snap election November 17, Japan has unexpectedly sunk into recession in the third quarter, raising the prospect of a snap election as the country’s prime minister, Shinzo Abe, attempts to secure a mandate to breathe life into the world’s third biggest economy. […]

Top 10 Weekly Forex Market Headlines – 11.07.2014

1. EU manufacturing sector rises to 50.6 in October as prices fall November 3, Activity in the eurozone’s manufacturing sector picked up very modestly in October, but largely because businesses cut their prices, an indication that the currency area is unlikely to soon escape a period of very low inflation. Surveys of around 3,000 manufacturing […]

A falling euro could be beneficial for the euro zone economy

(Reuters) – Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro. As Washington prepares to stopper the supply of cheap money that has been helping it revive the United States, the euro has started […]

Daily Forex Market Review 10/06/14 (+55 pips)

Today’s Trade Result: +55 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Newsletter

Zero spam.