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👤Lisa Harris
🕔July 29, 2016
Official figures today revealed economic growth in the 19 countries comprising of the Eurozone falling by 50% in the second quarter of 2016, this is most likely the result of the fading bolster it had earlier received from the fall in oil prices and the weakness in the euro, as it does not look like the impact of the UK referendum on the EU.…
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👤Arthur Greene
🕔July 25, 2016
- IFO shocks analysts and investors
- Optimism for the Euro
The unexpected German business sentiment slump in July from a seven month high in June signifies that Europe’s largest economy has proven itself resilient to the after effects of the UK referendum.…
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Summary of Friday’s Events
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👤Arthur Greene
🕔July 23, 2016
- Terror attacks spark plunge in the euro
- Dollar strengthens further
The EURUSD on Friday hit a new low at 1.0956 before a small rebound, the pair has shown no intentions of rising further, after the ECB failed to pull the EURUSD above its previous range.…
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👤Lisa Harris
🕔July 21, 2016
- ECB adopts wait-and-see
- Draghi makes case for Italian lenders
- Eurozone stimulus not yet decided
The ECB today chose to adopt Mark Carney’s wait and see method in regard to any stimulus, they chose this approach deciding to wait for at least six weeks before choosing whether growth in the Eurozone requires any stimulus.…
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Uncertainty For EURUSD as ECB Meets on Thursday
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👤Lisa Harris
🕔July 20, 2016
- ECB meeting slows movements in the EURUSD
- Negative sentiment trails EU countries
The EURUSD now orbiting the 1.10 line, remaining unchanged following its losses on the Tuesday session.
Remarks made by the Bank of England’s monetary policy committee member Martin Weale led to a considerably solid rally in the GBP, stating that “the case for near term stimulus, specifically a rate cut, is far from clear cut at the moment.…
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