Archives Tag: Eurozone
Market Instability Boosts Safe Haven Assets
April 19, 2022
The market has started the week with inherent risk aversion primarily linked to the uncertainty around the Ukraine-Crimea crisis and the concerns that the West will impose heavy sanctions on Russia. With the weekend’s referendum condemned as illegal by the US and the EU, the markets reflected their concerns regarding instability in the region with … Continue reading Market Instability Boosts Safe Haven Assets
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European Central Bank Under Pressure to Loosen Eurozone Monetary Policy
April 19, 2022
The European Central Bank (ECB) President Mario Draghi takes the spotlight this week as the market’s attention turns to Friday’s Consumer Price Index data release for the 18-member Eurozone state. Volatility is expected in the market around Friday’s announcement, especially because January’s reading of 0.7% shocked the market confounding expectations for a rise to 0.9%. … Continue reading European Central Bank Under Pressure to Loosen Eurozone Monetary Policy
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Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery
April 19, 2022
The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs. The market will be hoping Friday’s Consumer Price Index announcement will be more positive, with analysts predicting a … Continue reading Eurozone Inflation Becomes the Focus as Market Looks for Signs of Global Recovery
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Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates
April 19, 2022
Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed boost of positivity. The Markit PMI Composite for the eurozone came in at 51.9 as … Continue reading Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates
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Forex Time Market Update
April 19, 2022
This week is an interesting time for currency and commodity traders with volatility expected in the markets due to several influential economic news announcements. The primary focus is on the US economy and whether it is truly strengthening. Employment data announcements this week are expected to have a critical impact on Federal Reserve President Ben … Continue reading Forex Time Market Update
