Printable View
Returning inflation and unemployment to normal levels continue to be difficult as the strong reflationary phase witnessed at the start of the year has not materialized despite the ongoing robust recovery in the euro area, European Central Bank Vice President Vitor Constancio said Friday.
more...
EURUSD is facing 1.1823 support. A breakdown below this level will indicate the short term uptrend from 1.1662 had completed at 1.2070 already, then the following downside move could take price to test 1.1662 key support. On the upside, as long as 1.1823 support holds, the fall from 1.2070 would possibly be correction of the uptrend, and further rise towards 1.2165 is still possible after the correction.
http://www.forexcycle.com/wp-content...4_EURUSD_1.png
The European Central Bank may decide on the future of its massive stimulus in October even as policymakers are worried about the risks that a strengthening euro pose to the inflation outlook, the bank's chief Mario Draghi said Thursday.
more...
Persistent gains in the euro due to external factors can hurt the outlook for euro area inflation, while an economic improvement could offset the negative impact of a strong currency arising from expectations of tighter policy stance in future, European Central Bank Executive Board member Benoit Coeure said Monday.
more...
The euro area current account surplus increased in July on higher primary income, the European Central Bank reported Tuesday.
more...
Belgium's consumer confidence strengthened in September after stagnating in the previous month, survey data from the National Bank of Belgium showed Tuesday.
more...
EURUSD formed a sideways consolidation in a trading range between 1.1823 and 1.2092. Key support is now at 1.1823, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low). Another rise could be expected after the consolidation and a break above 1.2092 resistance could trigger another rise towards 1.2165. However, a downward break of 1.1823 support would suggest that the uptrend had competed at 1.2092 already, then the pair would fall down to next support level at 1.1662.
http://www.forexcycle.com/wp-content...0_EURUSD_1.png
Eurozone consumer confidence improved for a second straight month in September to its highest level since 2001, preliminary data from the European Commission showed Thursday.
more...
Eurozone's private sector expanded at the fastest pace in four months in September signaling that the economy ended the third quarter on a strong note. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August, flash data from IHS Markit showed Friday. The expected score was 55.6.
more...
Attachment 28769
Euro area economic recovery is now firm and broad-based, and the latest data suggest that the momentum is set to continue in the period ahead and policymakers are more confident that inflation will converge at the target eventually, European Central Bank President Mario Draghi said Monday.
more...
