ecb

Oil prices edged up on Friday, led by strong demand in Asia after the commodity took a beating in the last few sessions. An outsized European Central Bank (ECB) rate hike, coupled with an easing supply and demand deficit took oil down by 3% on Thursday. What Happened Earlier: Oil prices...

Equities are making small gains once again as investors continue to reap the rewards of remaining positive despite Monday’s worrying sell-off. The broad market climbed for a third straight day following the ECB’s continued commitment to dovish monetary policy. The bank announced it will...

EUR/USD Current Price: 1.2005 The European Central Bank left rates unchanged, maintained a cautious outlook. Markit will release on Friday the preliminary estimates of its April PMIs. EUR/USD turned bearish in the near-term, could approach the 1.1900 area. The greenback surged in the American...

EUR/USD Current Price: 1.2031 Currencies followed equities amid the lack of macroeconomic news. The ECB will announce its latest monetary policy decision on Thursday. EUR/USD has chances of extending its advance, depends on the ECB. The EUR/USD pair bottomed at 1.1998 this Wednesday, but it...

The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...

The Past Week, In A Nutshell What Happened: Stocks closed the week practically unchanged after mixed reactions to a slew of blow-out earnings results. Remember This: “Although the stock market will certainly experience pullbacks, disappointments and corrections along the way, the horses have...

Last Week In A Nutshell What Happened: The U.S. stock market “is discounting a new expansion phase of the economy at the same time as a major recession has only just begun,” said Kevin Smith, Crescat Capital’s chief investment officer. Remember This: “The survey-type...

The European Central Bank left interest rates unchanged Thursday, but increased its pandemic bond buying program.  The ECB Pandemic Emergency Purchase Programme has been increased by 600 billion euros to 1.35 billion euros ($1.52 billion). The horizon for net purchases under the PEPP will...

The European repo market has held up well amid the initial volatility created by the economic slowdown caused by COVID-19, according to a new report issued by the International Capital Markets Association (ICMA). Activity on European repo has increased in recent weeks, the ICMA notes. CME...

European automakers have shut down their factories due to the COVID-19 outbreak. The virus has already caused a lot of damage to the European automotive industry, and the situation is only becoming more tenuous by the day. The major industry players, like Volkswagen AG (OTC: VWAGY),...

EUR/USD Current Price: 1.1048 ECB kept its monetary policy “highly accommodative,” will start a strategic review on inflation policy. Markit will release the preliminary estimates of January PMI for the EU and the US. EUR/USD near a fresh January low of 1.1035, further declines...

EUR/USD Current Price: 1.1136 A concerned Fed added pressure on the greenback, rate hikes out of the table Uncertainty around the US-China trade relationship kept investors in cautious mode. EUR/USD at weekly highs and short-term bullish ahead of ECB’s decision. The EUR/USD pair reached a...