DAX Turning HigherThe DAX is attempting to push higher today, bolstered by some positive news in the earnings backdrop and dovish comments yesterday from ECB president Lagarde. On the earnings front,...
EURUSD Breakdown Risks Ahead of ECB
EUR Under PressureEURUSD is heading lower ahead of the April ECB meeting this afternoon. The bank is widely expected to give a strong signal that rate cuts are coming, starting in June. Pricing for a...
Euro Slides As ECB Signals June Rate Cut Chances
June Cut in FocusYesterday’s ECB meeting was a pivotal moment for FX traders with the bank essentially giving the nod for a June rate cut. Monetary policy was held unchanged yesterday, as expected....
EURJPY Sinking Ahead of ECB
ECB Up NextThe ECB takes centre stage today as the bank meets for its March rate setting meeting. No change in monetary policy is expected today, however, traders will be carefully scrutinising the...
EZ CPI Beats ForecastsThe latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen...
Lagarde Warns Wage Growth Remains Key For Inflation
EUR Higher Following Lagarde CommentsEURUSD continues to grind higher today with the pair now up around 2% off the year-to-date lows. Yesterday we heard from ECB president Lagarde who said that while...
Strong US Dollar Weighing on Euro
Euro Lower on MondayEURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set...
EURUSD Pushing Higher As USD Falls After Powell Speech
USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...
EUR Falls As ECB Removes Commitment on Rates
ECB Pivots on RatesYesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to...
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