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Calendar event / 12 September 2019 at 11:45 GMTpreviousforecastactualHigh Refi Rate0%0%0%Med Deposit Rate-0.4%-0.5%
Calendar event / 25 July 2019 at 11:45 GMTHigh Refi Rate0%0%0%Med Deposit Rate-0.4%-0.4%-0.4%
Calendar event / 06 June 2019 at 11:45 GMTHigh Refi Rate0%0%0%Med Deposit Rate-0.4%-0.4%
Squawk / 18 April 2019 at 5:56 GMTEURUSD – Euro positive short-term
The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
Calendar event / 10 April 2019 at 11:45 GMTHigh Refi Rate0%0%0%Med Deposit Rate-0.4%-0.4%
Squawk / 02 April 2019 at 5:41 GMTEUR/USD – Euro stays weak
Last Monday 25th March we highlighted Euro vulnerability here previously driven lower by very weak German Purchasing Managers’ Index data.
This weakness has continued in late March with dovish comments from European Central Bank members and the ongoing weakening of economic data across the Eurozone.
Furthermore, the US Dollar has seen broader strength through latter March and into early April, despite a shift to a more “risk on” phase, with global equity markets setting a more positive tone.
This combination of a weakening Euro and firming US$ leaves EURUSD risks to downside and aims at the 2019 low at 1.175 into early April, as we look at in more depth here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eur-usd-euro-stays-weak/
Squawk / 19 February 2019 at 6:19 GMTEuro stays vulnerable
The Euro remains vulnerable, particularly versus the US Dollar, with recent rebound effort fading.
Ongoing concerns regarding a global economic slowdown are intensifying, with signals from the European Central Bank that a still more dovish approach to monetary policy could be seen in 2019.
Although the Federal Reserve in the US have also shifted to more dovish, given global economic worries, the US Dollar remains a safe haven of choice.
This leaves the EURUSD Forex rate vulnerable.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-stays-vulnerable/
Squawk / 25 January 2019 at 6:50 GMTEuro weakness continues post-ECB
In our article on Monday 21st January we highlighted downside risks for the Euro into Thursday’s ECB Meeting.
The Euro stayed negative ahead of the Meeting, and has seen further weakness since, with EURUSD surrendering notable support (see below).
This leaves the Euro vulnerable against major currencies, and in particular versus the US Dollar.
See the full article and EURUSD analysis here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-weakness-continues-post-ecb/
Calendar event / 24 January 2019 at 12:45 GMTHigh Refi Rate0%0%0%Med Deposit Rate-0.4%-0.4%
Squawk / 21 January 2019 at 6:48 GMTEURUSD downside threats ahead of Thursday’s ECB Meeting
The Euro has come under broad negative pressures through mid-January, driven by continuing political turmoil in France and Italy, plus in Greece, Tsipras called and closely survived a vote of no confidence.
Furthermore, the European Central Bank had been expected to begin to tighten up their very accommodative monetary policy and maybe start hiking rates by summer 2019. Disappointing inflation data is still the major concern for the ECB President, Mario Draghi and ahead of Thursday’s ECB Meeting, he cautioned markets last week that significant improvement would be required to see the rate hiking cycle commence.
This sent the Euro lower and leaves the spotlight on further comments on the Thursday 24th January meeting.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-downside-threats-ahead-of-thursdays-ecb-meeting/