Results for 'ECB'
73 articles with this tag name
Updated May 8, 2013 9:00:00 AM
The EUR has staged an impressive recovery in the last few days boosted by record highs in US stock markets and some impressive German data. German factory orders and industrial production both smashed expectations, which suggest that the largest country in the currency bloc had a strong end to Q1. EURUSD sliced through resistance at 1.3130 earlier, and is testing 1.3165-70 recent highs. If we get above here then 1.3210-40 resistance is back on
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Updated Jan 19, 2012 4:30:00 PM
EUR/USD is in the process of correcting higher as excessive short EUR positioning is cut on signs of stabilizing Eurozone debt markets. Recent EU debt auctions have been successful in spite of the recent ratings downgrades, but with growth stagnant to negative growth prospects, we don’t think much of the underlying fundamental outlook has changed. Negotiations over the Greek debt swap are nearing a potentially successful conclusion, and this also appears to be bolstering short-term
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Updated Oct 4, 2011 4:30:00 PM
EUR/AUD has had a sharp advance in the recent risk sell-off, as high beta/growth currencies like AUD get hit the hardest, even as EUR has slumped against the USD. The run-up in EUR/AUD has brought the pair within reach of recent multi-month range highs in the 1.4230/1.4350 area, which we think offers a good opportunity to short the cross. With the Eurozone debt crisis still undermining risk sentiment, we think the EUR remains biased lower.
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Updated Sep 26, 2011 2:45:00 PM
EUR/USD has seen a sharp decline in recent weeks as Eurozone sovereign debt concerns, slowing growth outlooks and dovish ECB rhetoric have all weighed on the common currency. The USD has also benefitted from an overall flight to safety in light of global stock and commodity market declines. On the fundamental side, the coming week may see some improvement in the EUR's prospects, as fears of an imminent Greek default may subside after a potential
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Updated Dec 1, 2011 5:30:00 PM
The Swiss government today gave indications it might adopt negative interest rates to assist the Swiss National Bank (SNB) in its efforts to weaken the Swiss franc (CHF). Negative rates, last used in the 1980's, would impose a cost on anyone holding CHF deposits or long-CHF FX positions, likely provoking an exodus from the currency. Additionally, there has been repeated talk in recent weeks that the SNB may announce it is raising the floor in
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Updated Apr 4, 2013 7:00:00 PM
“It’s like deja vu all over again” – Yogi Berra It was approximately a month ago, March 7th, when the Bank of Japan & European Central Bank held their meetings within 12-hours of one another. Sure enough, the combination of these two saw EURJPY take flight, which prompted us to update our technical outlook (see update II below). Interestingly, the past 24-hours saw both of these central bank announcements converge again, but this time the
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Updated Apr 17, 2013 4:00:00 PM
Since the Euro reached 1.3075 and 1.3120 over the past week or two, it satisfied two important things that technicians will look for during a correction – Closing a gap (from 3/15-18 weekend) & achieving the 38.2% retracement (of the 2013 decline). Price action shortly thereafter began to stagnate between the 100-day sma (1.3145/55) and the daily 144 & 169 EMA’s around 1.3030/40 for a few days. Finally, yesterday EURUSD saw a break above the
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Updated Feb 6, 2013 7:45:00 PM
All week long I have been hearing and fielding questions about EUR/USD and the potential impact that the ECB interest rate announcement could have on the single currency. Furthermore, we’ve read countless research papers as to how this ‘key’ event could send the Euro measurably higher or lower over the ensuing sessions. That being said, rather than establishing a renewed up/down-trend, we believe the EUR/USD is more likely to experience choppiness in the aftermath of
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Updated Apr 3, 2013 7:30:00 PM
With several key events happening over the next 48-hours: Interest rate announcements out of the BOJ, BOE & ECB as well as the U.S. employment report, we felt it was pertinent to highlight some of the technical levels in many of the FX majors and other asset classes as these events could create an extreme amount of volatility depending upon their outcomes. FX MAJORS: COMMODITIES, EQUITIES & TREASURIES: 1 Reference is for informational purposes only
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Updated Jun 6, 2012 3:00:00 AM
On Wednesday 6th June 2012 the ECB announces its interest rate decision at 1245BST/ 0745 ET and it holds a press conference with President Mario Draghi at 1330 BST/ 0830 ET. We don't expect any change to interest rates at the meeting or for the Bank to extend other policy support to help the struggling Eurozone. We don't believe that the ECB will be too radical at this month's meeting as ECB head Draghi
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