Bank of Spain comments on the economy
here
here
Schlagwort-Archiv: EUR
Dollar keeps more bid in European morning trade
Dollar holds at the highs for the day, gradually extending gains
Meanwhile, the pound is also looking soggy with cable down 0.5% to 1.3617:
Sellers are keeping near-term control on a push back below its 100-hour moving average (red line) earlier today with some minor support seen @ 1.3600-05 next.
Meanwhile, the pound is also looking soggy with cable down 0.5% to 1.3617:
Sellers are keeping near-term control on a push back below its 100-hour moving average (red line) earlier today with some minor support seen @ 1.3600-05 next.
ForexLive European FX news wrap: ECB pushes back on rate hike bets
Forex news from the European trading session – 3 November 2021
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities mixed; S&P 500 futures down 0.1%
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities mixed; S&P 500 futures down 0.1%
ECB’s de Cos: Inflation surge is transitory but could be more persistent than initially estimated
Remarks by ECB policymaker, Pablo Hernandez de Cos
Pretty much sticking to the tagline while acknowledging upside risks on the matter. But again, it’s all relative to what ‚transitory‘ actually means in their book. Three months? Six months? A year? Seems like it’s just for as long as they can get away with it.
Pretty much sticking to the tagline while acknowledging upside risks on the matter. But again, it’s all relative to what ‚transitory‘ actually means in their book. Three months? Six months? A year? Seems like it’s just for as long as they can get away with it.
ECB’s de Cos: Forward guidance does not support market view on rate hikes next year
Further remarks by de Cos
The rates market has already pulled back on that earlier today with a 10 bps rate hike now priced in for December 2022 instead (from October 2022 earlier) but even that is also something the ECB will surely seek to push back on.
The rates market has already pulled back on that earlier today with a 10 bps rate hike now priced in for December 2022 instead (from October 2022 earlier) but even that is also something the ECB will surely seek to push back on.
US MBA mortgage applications w.e. 29 October -3.3% vs +0.3% prior
Latest data from the Mortgage Bankers Association for the week ending 29 October 2021
– +0.3%
– Market index 623.8 vs 645.1 prior
– Purchase index 271.1 vs 275.6 prior
The drop in mortgage applications in the past week comes as both purchases and refinancing activity fall, with the latter in particular seeing a rather steep drop to its
– +0.3%
– Market index 623.8 vs 645.1 prior
– Purchase index 271.1 vs 275.6 prior
The drop in mortgage applications in the past week comes as both purchases and refinancing activity fall, with the latter in particular seeing a rather steep drop to its
ECB’s Lagarde: Outlook for inflation over medium-term remains subdued
Remarks by ECB president, Christine Lagarde
The part on rates is the key passage as Lagarde pushes back against market bets on ECB rate hikes – which we have already seen pulling back since the start of the week.
The part on rates is the key passage as Lagarde pushes back against market bets on ECB rate hikes – which we have already seen pulling back since the start of the week.
ForexLive European FX news wrap: Dollar, yen lead on bond bids, aussie struggles post-RBA
Forex news from the European trading session – 2 November 2021
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities mixed; S&P 500 futures flat
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities mixed; S&P 500 futures flat
China premier Li Keqiang: Will keep economic operations within reasonable range
Remarks by China premier, Li Keqiang, via state media
This just reaffirms that local authorities will provide the necessary support in managing economic activity amid the power crunch that is impacting the country. Nothing new to the language so that’s the main takeaway, if anything else.
This just reaffirms that local authorities will provide the necessary support in managing economic activity amid the power crunch that is impacting the country. Nothing new to the language so that’s the main takeaway, if anything else.
Dollar keeps firmer for the most part so far today
Dollar only seen trading weaker against the yen
Outside of that, the greenback is keeping a slight advance with EUR/USD lingering around 1.1590 levels as the pair holds below its key hourly moving averages @ 1.1608-16 with large expiries seen expiring later today at 1.1585.
Outside of that, the greenback is keeping a slight advance with EUR/USD lingering around 1.1590 levels as the pair holds below its key hourly moving averages @ 1.1608-16 with large expiries seen expiring later today at 1.1585.