Good news to share today with your euro customers as the single currency has fallen nearly three cents from last week's three month highs. The ECB shoved the euro lower after a central bank official said the bank would c…
Good news to share today with your euro customers as the single currency has fallen nearly three cents from last week's three month highs. The ECB shoved the euro lower after a central bank official said the bank would crank up its monthly bond purchases from €60 billion a month in May and June due to summer seasonal factors.
Bigger bond purchases over the short run could have a meaningful impact on the central bank's balance sheet which is inherently negative for a currency. The move also suggested the recent explosion in European bond yields was unwelcome and counterproductive for the region's recovery by making borrowing costs less affordable.
Markets found another euro sell signal in news of a bigger than expected decline in German investor optimism in May, with the ZEW index slipping to 41.9 from 53.3, more than forecasts of 49.0. The shaky and uncertain shape of Greek finances added to the euro's headwinds.
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…
