Good morning, The European economic calendar kicks off with September unemployment data, but focus will likely fall on the ECB rate decision later in the afternoon. With Inflation still well below target and the September core CPI measure falling by more-than-expected this week, the question going into the meeting will be where next for the …
Monthly archives: November 2014
Euro exchange rate falls
Good morning, The euro fell to the lowest level in two years against the dollar as slowing inflation boosted the case for the European Central Bank to add further monetary stimulus to avert deflation. The Euro exchange rate falls and had its worst quarter since 2010 amid the ECB’s moves to swell its balance sheet and …
Euro inflation for September
Good morning, The dollar pared its best quarterly gain since 2008 as technical indicators signalled the rally has been too rapid. A gauge of the USD against 10 major peers reached its most overbought level yesterday on record going back to 2005. The USD has climbed at least 1.7 percent against all of its 16 …
Euro forecast is heading lower
Today we have the Spanish and German CPI figures for September. Both are likely to show falls in annual headline inflation rates from August due primarily to lower energy prices. In the EU Draghi has spoken about the euro stating the euro area looks like devaluation. While the European Central Bank president says the exchange …
New Zealand Dollar exchange rates
Good Afternoon, Today has been a very quiet day in terms of economic data for both the UK and Europe. As it is a quiet day it is also a good day to consider trading pound euros. A number of other currencies are also at milestone highs including the New Zealand Dollar (2.5yr high), Swiss …
Australian dollar sank
Good Morning, German manufacturing expanded at the slowest pace in 15 months in September as new orders fell, signalling uneven momentum in Europe’s largest economy. The data adds to the uncertainty facing the German economy. While gross domestic product unexpectedly contracted in the second quarter, the Bundesbank said yesterday that positive July data had dispelled …
New Zealand’s dollar rose
Good Morning Today is a relatively quiet day for the markets with no UK data releases today, markets will be focused on developments in the euro area and the US. Later this afternoon ECB president Mario Draghi speaks in Brussels. Investors are speculating that Draghi is running out of options to revive the stalled recovery …