Western Union:
ECB chief Mr. Draghi caused air to seep from the euro's big rally from the day before after he renewed a pledge to stay the course on the central bank's massive bond buying stimulus despite signs of improvement in the 19-country economy.
The ECB president kept his growth outlook unchanged and said that inflation should continue to rise over the balance of the year. Although inflation has turned positive, up 0.3 percent in May, officials have a long road ahead to boost prices back toward their near 2 percent goal.
Official data today showed unemployment improved to 11.1 percent in April, down a notch from 11.2 percent. Greece's premier is in Brussels today to try to win more default-averting money. The Greek situation remains fluid which should keep market volatility choppy.
Commentary
EUR review
Western Union:ECB chief Mr. Draghi caused air to seep from the euro's big rally from the day before after he renewed a pledge to stay the course on the central bank's massive bond buying stimulus despite signs of improve…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
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…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
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…
U.S. personal income and spending rose less than expected in August
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…
