Tags » Draghi

Quiet start to the week expected as US closed for labour day

Sterling made the first week of gains in eight against the dollar on Friday as expectations persisted that the Bank of England may become the first major central bank to raise interest rates since the financial crisis. 273 more words

Sterling Ends Week on a High as Economic Data Improves

Sterling is closing out the week on a high, helped by better than expected UK economic data and a faltering single currency. We have now seen GBP/EUR hit a two week high as the currency pair has taken back the 1.26 handle. 606 more words

Risk-ON and US Dollar strength persist...

While tensions in Syria are still elevated with a second American ISIS fighter killed in a battle, Gazprom beginning accepting payment in Rubles and Chinese Yuan (via the ESPO – Eastern Siberia Pacific Ocean – pipeline), Ebola outbreak causing enormous damage to West African economies (economic growth expected to plunge by 4% in the region according to the African Development Bank), Argentina’s black market peso completely out of control tumbling to over 14 / USD (14.45 according to Argentine newspaper Ambito), French jobseekers surging to record high of 3.424 million (with PM Manuel Valls blaming the ECB to do more as QE was the solution to everything) and IMF head Christine Lagarde put under a formal probe for negligence in a corruption investigation… AUDJPY continues to climb and is now trading above the 97.00 level for the first time since June 2013 and the S&P500 closed above the 2,000 for the second time in history. 844 more words

Global Macro

Report on ECB lifts euro.

Sterling pared gains against the euro yesterday after European Central Bank sources told Reuters the bank was unlikely to loosen policy next week unless inflation drops sharply. 297 more words

Euro Touches 11 Month Low

Sterling seemed to join in and take the extra day off for the Bank holiday yesterday as cable took a hit on the back of a rallying US currency. 495 more words

Why New Highs May Not be Bullish Yet

Draghi will ease! BOJ will ease! Yellen won’t raise rates! Home sales miss! Dallas Fed misses!

$SPX 2000! Yay!

Or so the narrative goes from what I understand. 282 more words


Yields Plunge for European PIGS (Portugal, Italy, Greece and Spain) After Draghi Signals Euro QE - France's Hollande Dissolves Government

The European banking system hangs by a thread and the vaunted “recovery” of Europe is a myth. One sign of the lack of confidence in the European economy is the plunge in sovereign bond yields this morning, particularly among the PIGS (Portugal, Italy, Greece and Spain). 181 more words