Tag: EUR

January 11, 2023

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]

December 12, 2022

The US Dollar was on an aggressive trend in the first nine months of this year as the Fed continued with super-sized rate hikes. Since the Q4 open, however, that trend has come into question as prices have pulled back, […]

November 16, 2022

EUR/USD has shown great resilience to trade higher this morning despite yesterday’s unease following reports of a missile landing in Poland. Comments from Joe Biden suggest that based on the trajectory, it is unlikely the missile was fired by Russia. […]

November 8, 2022

A number of ECB policymakers have been doubling down on the central bank’s position on interest rates and inflation, saying that higher rates are needed for longer to quell double-digit price pressures. In what looks like a concerted effort to […]

September 22, 2022

For all market moving data releases and economic events see the real-time DailyFX Calendar. The Swiss National Bank (SNB) jacked up interest rates by 75 basis points today to take the official borrowing rate into positive territory for the first […]

August 15, 2022

GERMAN GAS LEVY TO FUND ALTERNATIVE SUPPLY TO BEGIN IN OCTOBER Trading Hub Europe is expected to announce the 2-3 cents per kilowatt hour (kWh) levy later today in an effort to fund alternative gas supply in the wake of […]

July 20, 2022

The US Dollar has pulled back after last week’s jump to fresh 19-year-highs. As I had written last Thursday, this was taking on more of a EUR/USD-driven theme. After the major pair ran into parity last week, buyers were unable […]

May 17, 2022

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]

April 8, 2022

The US dollar continues to appreciate across the board with the greenback’s strength sending many US dollar pairs to near multi-month and multi-year highs. USD/JPY is within a point of levels last seen in August 2015, GBP/USD continues to test […]

October 27, 2021

EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been […]

October 11, 2021

The Bank of England may need to hike interest rates earlier than previously expected as UK inflation runs hot, according to two members of the central bank’s rate-setting committee. Speaking to the Yorkshire Post, BoE governor Andrew Bailey said that […]