Along with the tide of immigration from Africa and the Middle East into the wealthier, more “optimistic” countries of Europe, where these penniless, war-embattled immigrants have been headed, there has been a parallel rise in political instability. The wealthiest countries of Europe – mainly Germany and France – have sought to bear the burden of … “The New European Order: The Concerning Rise of Populist”
Month: October 2017
GBP, EUR and USD the stars of the week – Credit Agricole
The Federal Reserve and the BOE are convening while the euro is still responding to the ECB. What currencies are going to be the big movers? Here are the highlights of the week according to the team at Credit Agricole: Here is their view, courtesy of eFXnews: Credit Agricole CIB FX Strategy Research discusses the … “GBP, EUR and USD the stars of the week – Credit Agricole”
Euro Ends Week Among Losers After ECB, Political Upheaval
The euro ended the week among the weakest currencies due to the dovish stance of the European Central Bank and the political crisis in Spain. The ECB reduced the size of its monthly asset purchases but extended the duration of the asset purchase program, as was widely expected. But it was said in our forecast: Market participants will closely watch any nuances in wording of the policy statement and the speech at the press conference that will follow the meeting. Depending … “Euro Ends Week Among Losers After ECB, Political Upheaval”
EUR/USD Hits New Lows After the Release of US GDP Report
The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive decline began yesterday after the European Central Bank cut its quantitative easing program by half, while painting a dovish outlook for the Eurozone. The EUR/USD currency pair today declined by over 60 point from its daily high … “EUR/USD Hits New Lows After the Release of US GDP Report”
GBP/USD: potential to rise? Two opinions
The pound enjoyed the upbeat UK GDP growth for Q3, that climbed up to 0.4%. Is the BOE set to begin a full tightening cycle that will send Sterling higher? Here are two opinions. Here is their view, courtesy of eFXnews: GBP/USD: In A Range N-Term Before Higher; Where To Target? – ING ING FX … “GBP/USD: potential to rise? Two opinions”
Pound Falls as Optimism Caused by Strong GDP Growth Fades
The Great Britain pound fell against its major rivals (though not against the extremely weak euro) as optimism caused by yesterday’s better-than-expected economic data was replaced by caution ahead of the central bank’s meeting. Yesterday, a report of Britain’s gross domestic product revealed that UK economic growth in the last quarter was bigger than analysts had anticipated. That made market participants confident that the Bank of England will … “Pound Falls as Optimism Caused by Strong GDP Growth Fades”
Euro Crashes Against US Dollar as ECB Slashes QE Program by Half
The euro today crashed against the US dollar after the European Central Bank announced that it would cut its quantitative easing program by half to â¬30 billion in 2018. The ECB also left interest rates at their current levels with Mario Draghi, the ECB President, expressing concern over a number of financial issues facing the Eurozone including low inflation rates. The EUR/USD currency pair went into a downward spiral … “Euro Crashes Against US Dollar as ECB Slashes QE Program by Half”
USD/CAD: Shifting Our BoC Hike Call; Impact On CAD –
After two hawkish hikes, the BOC decided to halt rate hikes, sending the loonie lower. What’s next? Here is the view from Credit Agrciole: Credit Agricole CIB FX Strategy Research discusses it outlook for CAD in light of yesterday’s BoC October policy decision. “A hike in December now looks highly unlikely and our economists have … “USD/CAD: Shifting Our BoC Hike Call; Impact On CAD –”
NZ Dollar Falls as Trade Deficit Refuses to Shrink
The New Zealand dollar fell today as the nation’s trade balance deficit was almost unchanged last month even though economists had promised it to shrink. The New Zealand trade balance posted a deficit of $1.1 billion in September, about the same as the August revised reading. The medium forecast had promised the gap to decrease to $0.9 billion. Today’s drop of the New Zealand dollar was the third consecutive daily fall versus the US … “NZ Dollar Falls as Trade Deficit Refuses to Shrink”
Swedish Krona Falls as Riksbank Doesn’t Plan Raising Interest Rates
The Swedish krona fell today as the nation’s central bank showed no signs of planning to raise interest rates in the near future. That is despite strong economic growth that pushed inflation close to the bank’s target of 2%. The Riksbank left its main interest rate unchanged at -0.5% as was widely expected. Talking about its plans for the future, the central bank stated that it “is expecting, as before, not to raise … “Swedish Krona Falls as Riksbank Doesn’t Plan Raising Interest Rates”