Intra-Day Market Moving News and Views EUR/USD
14 Apr 2014 00:39GMT
Britain's U.N. envoy says satellite imagery shows 35-40k well-equipped Russian troops near Ukraine border, in addition to 25k Russian troops in Crimea.
13 Apr 2014 23:31GMT
EUR/USD - 1.3849.. Further dovish comments by another key ECB Governing Council member. Benoit Coeure, who sits on the ECB's six-member Executive Board, in a speech at a conference organised by the IMF on Sun described how the ECB would approach an asset purchase plan to tackle low inflation, stressing such a programme "would not be about quantity, but about price."
Euro zone inflation is running at 0.5% - far below the ECB's target of just under 2% over the medium term. The ECB opened the door after its policy meeting earlier this month to turning on its money-printing presses to keep inflation from staying too low, though it shows no sign of embarking on such quantitative easing (QE) just yet.
Coeure said "Asset purchases are an instrument that we are ready to use if we deem necessary."
The single currency opened lower in NZ on Mon following euro-bearish comments by ECB President Draghi n other Governing Council members (see previous updates) n fell to 1.3838 (vs Fri's NY close at 1.3884). Reuters reported another piece of euro-bearish news.
ECB Governing Council member n Bank of France Governor Christian Noyer said in an interview with French daily newspaper Le Figaro the weakening of the euro is desirable, as the currency appreciation not only disturbs economic recovery but also hinders the return of inflation to its target level of about 2%.
Asked if weakening the euro should be the ECB's priority, Noyer said : "This decrease is desirable, but it is easier to invoke than orchestrate." He added "The stronger the euro is, the more accommodative policy is needed."
Noyer also said "If the period of low inflation lasts longer than expected, we would have at our disposal many tools that we have used in recent years."
14 Apr 2014 00:39GMT
Britain's U.N. envoy says satellite imagery shows 35-40k well-equipped Russian troops near Ukraine border, in addition to 25k Russian troops in Crimea.
13 Apr 2014 23:31GMT
EUR/USD - 1.3849.. Further dovish comments by another key ECB Governing Council member. Benoit Coeure, who sits on the ECB's six-member Executive Board, in a speech at a conference organised by the IMF on Sun described how the ECB would approach an asset purchase plan to tackle low inflation, stressing such a programme "would not be about quantity, but about price."
Euro zone inflation is running at 0.5% - far below the ECB's target of just under 2% over the medium term. The ECB opened the door after its policy meeting earlier this month to turning on its money-printing presses to keep inflation from staying too low, though it shows no sign of embarking on such quantitative easing (QE) just yet.
Coeure said "Asset purchases are an instrument that we are ready to use if we deem necessary."
The single currency opened lower in NZ on Mon following euro-bearish comments by ECB President Draghi n other Governing Council members (see previous updates) n fell to 1.3838 (vs Fri's NY close at 1.3884). Reuters reported another piece of euro-bearish news.
ECB Governing Council member n Bank of France Governor Christian Noyer said in an interview with French daily newspaper Le Figaro the weakening of the euro is desirable, as the currency appreciation not only disturbs economic recovery but also hinders the return of inflation to its target level of about 2%.
Asked if weakening the euro should be the ECB's priority, Noyer said : "This decrease is desirable, but it is easier to invoke than orchestrate." He added "The stronger the euro is, the more accommodative policy is needed."
Noyer also said "If the period of low inflation lasts longer than expected, we would have at our disposal many tools that we have used in recent years."
Recommended Content
Editors’ Picks
AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.