EUR/USD is steady in Wednesday trade, as the pair shows little movement for the second straight day. In the European session, the euro is trading in the mid-1.38 range. Eurozone Industrial Production declined in February but the euro did not lose ground as a result. In the US, JOLTS Job Openings dipped to a three-month low and fell short of the estimate. It’s a quiet day in the US, highlighted by Crude Oil…Continue
EUR/USD is steady in Tuesday trade, as the pair remains at high levels. In the European session, the euro is trading in the mid-1.38 range. German Trade Balance dipped to a three-month low and was short of the estimate. In the US, today’s highlight is JOLTS Job Openings. The markets are not expecting much change in the February release.
Here is a quick update on the technical situation, indicators, and…Continue
The ECB convenes to to make its monthly rate decision as the level of inflation remains low, but is it low enough for using the “nuclear option” of setting a negative deposit rate? Probably not. Nevertheless, the ECB could still take action in the face of strong exchange rate. In addition, there is a “wild card” of the ECB’s 2016 staff projections.
Here is the background, the options and 4 scenarios for the ECB decision.
The level of…Continue
EUR/USD has steadied on Tuesday, as the pair trades in the mid-1.37 range in the European session. The standoff in the Ukraine continues to rattle markets around the world. On Monday, US Manufacturing PMI improved in February and beat the estimate. Tuesday has little action on the release front, with just three releases on the schedule. Spanish Unemployment Change posted a small decline, surprising the markets which had…Continue