EUR should remain under pressure this week as the ECB likely reiterates its commitment to its new Public Sector Purchase Programme (PSPP) and March inflation data confirm the need for this aggressive monetary policy easi…
EUR should remain under pressure this week as the ECB likely reiterates its commitment to its new Public Sector Purchase Programme (PSPP) and March inflation data confirm the need for this aggressive monetary policy easing.
The ECB Governing Council will likely leave policy unchanged (Wednesday), as widely expected, and focus on the impact of its past policy decisions after one month of the expanded QE implementation.
Final readings of euro area March inflation (Friday) should be confirmed at -0.1% y/y (+1.1% m/m) for headline and +0.6% y/y (1.3% m/m), in line with the consensus forecast.
Activity data are likely to show continued improvement with euro area IP (Tuesday) increasing 1.0% m/m in February (consensus: 0.4%) consistent with latest business surveys, which point to some improvement in manufacturing activity.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
