- European Central Bank (ECB) to Retain Current Policy Ahead of Next T-LTRO in December. - Will ECB Expand the Scope & Attractiveness of Non-Standard Measures? Trading the News: European Central Bank (ECB) Interest Rate Decision The EUR/USD may face another selloff in the days ahead should the European Central Bank (ECB) adopt a more dovish tone and offer additional monetary support to prop up the ailing economy. What’s Expected: ...
To generalize the economic problems of Europe, focus on demand: the lack thereof. In essence, Europe is relying on the European Central Bank to add incremental growth but the logic of growth without demand is illusory at best. The ECB’s latest stimulus plans seem as impotent as previous programs such as the much maligned OMT. Add to this the fact that ECB Head, Mario Draghi, did not seem his hyper confident self at his last press conference where he announced the details of the Asset Backed Securities ...
- European Central Bank (ECB) to Announce Further Details Surrounding Non-Standard Measures. - Will ECB President Mario Draghi Talk Down the Euro? Trading the News: European Central Bank (ECB) Interest Rate Decision Further details surrounding the European Central Bank’s (ECB) asset-back securities (ABS) and covered-bond purchase program may heighten the bearish sentiment surrounding the Euro, but we may see a relief rally in the EUR/USD should the Governing Council ...
- Euro-Zone Consumer Price Index (CPI) to Mark the Slowest Pace of Growth Since October 2009. - Core Inflation to Hold Steady at 0.9% for Second Straight Month. Trading the News: Euro-Zone Consumer Price Index (CPI) A further slowdown in the Euro-Zone’s Consumer Price Index (CPI) may prompt fresh monthly lows in the EUR/USD as it puts increased pressure on the European Central Bank (ECB) to implement more non-standard measures. What’s Expected: ...
Tonight, Narendra Modi will be sworn in as India’s new Prime Minister. And there is no shortage of advice on what he should do once he takes power. Today, India’s daily newspapers and the world’s financial press have been publishing articles telling the new man in charge just what he needs to do to help India reach its potential, and there are some common themes. As context, it’s worth noting what the stock market tells us about expectations: Mumbai’s benchmark Sensex index rose 15% ...