Category Archives: Euro
Dollar Mixed while Equities Recover to Start Eventful Week
marctomarket.com / by Marc Chandler / June 19, 2017 The US dollar is mixed against the major currencies, and while it is firmer against the euro and yen, it is within last week’s ranges. The success of Macron’s new party in France, and the majority is secured, was well anticipated by investors and is having little […]
EU Agrees To Bailout Greece Once Again
As expected by most (if not all, judging by the 8 year lows in Greek bond yields), European finance ministers have reportedly reached an agreement to bail out Greece once again (provide them with yet another EUR8.5 billion loan), and agreed to discuss the possibility of debt extensions. Blomberg reports that Euro area finance ministers […]
Draghi Confesses: Eurozone Needs ECB Cash
Whereas some members of the governing council of the European Central Bank were hinting the monetary policy would return back to ‘normal’ sooner rather than later, Mario Draghi, the president of the ECB, had a completely different opinion when he testified at the European Parliament. According to Draghi, all stimulus measures need to remain in […]
ECB Preview: “Will He, Or Won’t He”, And Now To Trade The Announcement
Will he, or won’t he? Tomorrow was supposed to be the ECB meeting when Mario Draghi unveils the “guidance switch”, hinting if not at the (eventual) interest rate increase then at least a small step toward a QE exit. And then today’s Bloomberg trial balloon hit. As reported earlier, a Bloomberg “sources” story suggested that […]
Euro Spikes As Headline-Reading Algos Go Wild Ahead Of ECB
zerohedge.com / by Tyler Durden / Jun 7, 2017 9:59 AM Well that didn’t last long. Just a few short hours after EURUSD dropped on reports that the ECB would cut its inflation outlook, headlines have hit saying the “changes are likely small” and EURUSD has spiked back towards the highes of the day… The Algos are busy […]
Futures Flat, Market Anxiety Eased By European Bank Rescue
European and Asian stocks, as well as S&P futures were little changed ahead of “Super Thursday’s” events which include the U.K. general election, Comey’s testimony and the ECB policy decision. That however may change following a Bloomberg news report that the ECB is set to cut inflation forecasts through 2019 due to weaker energy prices, […]
JPMorgan Lists Five “Red Flags” That Point To A 10% Downside Correction
The first time JPMorgan warned of market downside was in early March when the bank’s US equity strategist Dubravko Lakos-Bujas wrote that while the fundamental backdrop remains supporting, the “short-term downside risk” in the S&P is increasing. Less than two months later, JPM presented six “red flags” why it is starting to sell stocks. Then, […]
Key Events In The Coming Week: Thursday Turmoil Trifecta
This week will be all about rhe “Thursday Turmoil Trifecta” when the UK general election will be highlight of a busy week together with the ECB monetary policy meeting, while rounding off events in the US will be James Comey’s first public testimony since he was fired by Donald Trump in which he is expected […]
S&P Futs Near All Time High On Strong Euro Data; Oil Drops On Trump’s SPR Sale Plans
zerohedge.com / by Tyler Durden / May 23, 2017 7:05 AM S&P futures rose alongside European stocks as Asian shares posted modest declines. The euro set a new six-month high and European bourses rose as PMI data from Germany and France signaled that the ECB will have to tighten soon as Europe’s recovery remains on track, with the […]
Dollar Pushes Back
marctomarket.com / by Marc Chandler / May 22, 2017 After being shellacked last week, the US dollar is trading with a firmer bias against all the major currencies, but the euro and New Zealand dollar. To be sure, it is not that a new development has emerged to take investors’ minds from intensifying political […]