Euro Set for Some Correction Extending the longest period of growth since 2006, November discovered an eighth continuous monthly rise in like-for-like sales at eurozone retailers. While monthly retail sales fell slightly in Italy, the rate of expansion accelerated in Germany and France switching the trend seen in the last two months. The IHS Markit […]

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Euro remains bullish During November, the Eurozone inflation increased due to higher energy prices flash data from Eurostat showed on Thursday. Following October’s 1.4% increase, the consumer prices advanced 1.5% year-on-year during November. The inflation rate was estimated to raise to 1.6%. Based on the data from Eurostat on Thursday, the euro’s unemployment rate fell […]

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Euro declines against dollar The Federal Reserve’s progress to keep increasing interest rates could soon break into its own making low long-term borrowing costs that indicate anticipations for weak economic growth and inadequate investment returns for the predictable future. The low-key economic recovery from the Great Recession continued its inadequate expectations for weakness from insufficient […]

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Euro keeps testing the support Once the current Chair Janet Yellen’s term expires in February, President Donald Trump nominated Jerome Powell to run the Federal Reserve. President Donald Trump nominated Jerome Powell to run the Federal Reserve once the current Chair Janet Yellen’s term expires towards broadly expected and one unlikely to interrupt the massive […]

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Euro rebounds against greenback According to the Federal Reserve’s proposed inflation measure, the personal consumption expenditures price index (PCE) excluding food and energy rose 1.3% in the 12 months through September. As reported with expectations well below the Fed 2% target charging the expectations that the trend of subdued inflation will keep the interest rates […]

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Euro stays above 1.1737 On Thursday, The European Central Bank meets for its long anticipated policy decision possibly defining the beginning of the end of the most critical market events in 2017, the asset-buying program. Though the details of how much and when have been the subject of much consideration, the European Central Bank President […]

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Euro Rise continues During October policy meeting, the European Central Bank policymakers openly decided to expand asset purchases at a lower volume with the views of crossing on a nine-month expansion. While hawks want the ECB to signal its aim to decline and end the purchases, the policy doves want at least the same type […]

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Euro is set for a rise EU negotiators have augmented backroom Brexit talks with Labour amid the concerns regarding the future of Theresa May. According to the Daily Telegraph, the unpredictability about May’s premiership has stepped up the EU negotiators conversation with the Labour. On the other hand, the Federal Reserve Bank of Boston President […]

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Euro is pushing higher ECB Chairman Mario Draghi will speak and at 19:15 the Fed Chairman Janet Yellen will speak followed by a two-day ECB meeting on monetary policy will commence. On the market there were continuous gossips that President Donald Trump is considering the renewal of the chairman of the Fed. Both Draghi and […]

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Greenback’s Gain Extends The Federal Reserve will be awaiting an announcement about its own leadership possibly within weeks whether President Donald Trump will ask Janet Yellen to remain as the Fed Chair as her term ends after February. After the meeting on Wednesday, the Fed is about to announce its decision about reducing its huge […]

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