ECB Cuts Deposit Rate to Historical Low of -0.5%, Resumes QE
ECB has announced a new package of stimulus measure as inflation weakens. At the same time, the central bank revised lower both GDP growth and inflation outlooks for coming years. EURUSD initially plunged to as low as 1.0927 before a...
Commodity Dollars Bounce Back on Easing Headwinds But Outlook Remains as Clouded as Ever
Commodity-driven currencies such as the Australian, New Zealand and Canadian dollars are enjoying a bit of a reprieve from an extended sell-off as rekindled hopes of a US-China trade deal and increased stimulus around the world have energized the struggling...
GER30 Index Completes Another Bullish Week Near Overbought Zone
GER30 stock index had two constructive weeks and is completing another one above the Ichimoku cloud and its simple moving averages (SMAs) in the daily chart. Technically, the market may run for more gains in the short-term as the MACD...
EUR/USD Outlook: The Euro Retested 2019 Low after ECB Rate Cut/Re-introduction of QE
The Euro spiraled lower and retested 2019 low at 1.0926 (posted on 3 Sep) after European central bank met all expectations of the markets regarding action taken to fight negative impact from weakening EU’s economy and low inflation, as well...
Euro Sold Off on ECB Easing With QE and Deposit Rate Cut
Euro drops broadly after ECB finally delivers and announced a package of stimulus. The cut in deposit rate and size of QE are somewhat smaller than expected. But the new economic projections remain decidedly dovish despite the easing package. At...
MREL funding gap adds to pressure on Polish banks
Pressure to start raising new debt to meet bail-in funding requirements will add to the challenges facing Polish banks going into 2020, according to analysts. Banks in the eastern part of the European Union (EU) have lagged their counterparts in...
US consumer prices rise a slight 0.1% in August
A man pushes his shopping cart past bread for sale at a Walmart Supercenter store in Rosemead, California on May 23, 2019. Frederic J. Brown | AFP | Getty Images Consumer prices slowed in August, rising by a slight 0.1%,...
US weekly jobless claims drop to five-month low
Getty Images The number of Americans filing applications for unemployment benefits fell to a five-month low last week, suggesting the labor market remains strong despite slowing job growth. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted...
Mnuchin says Trump could do a China trade pact at any time, but wants a ‘good’ deal for US workers
Treasury Secretary Steven Mnuchin told CNBC on Thursday that President Donald Trump could strike a pact with China at “any time” but is focused on striking the best deal possible for American workers. Asked whether Trump might settle for a watered-down,...
China wants a two-track approach to the trade talks, WSJ reports
U.S. President Donald Trump meets with China’s President Xi Jinping at the G20 leaders summit in Japan, June 29, 2019. Kevin Lamarque | Reuters China wants to draw a line between negotiations about trade and talks about other foreign affairs,...