Posts Tagged ‘bundesbank’

EURUSD Consolidates Near 1.3700; ECB QE Unlikely to Represent the Fed or BoJ

by Christopher Lemieuxon May 19, 2014 7:14 am BST
Market participants are witnessing increased bond action due to the weakening economic outlook for many developing countries. The euro continues to consolidate against the greenback underneath 1.3700 as investors sell peripheral bonds. Financial markets are awaiting action from the European Central Bank (ECB) after the eurozone gross domestic product figures were lower than forecasts. “Our […]

German ZEW Indicator Improves; Euro Above 1.33

by Christopher Lemieuxon August 13, 2013 9:59 am BST
Germany’s ZEW indicator of economic sentiment increased 5.7 points in August to 42, far above the historical average of 23.7 points. The continued strength of the German economy is strongly contributed to helping the eurozone break out of it’s longest-ever recession as sentiment came in higher than the 39.9 figure forecasted. The Economy Ministry estimates […]

Weidmann and I Think Alike

by Christopher Lemieuxon July 7, 2013 4:44 pm BST
I have been a skeptic and overly critical over central banks and politicians who think monetary laxness will fix the structural imbalances that started the meltdown in the first place, and I refuse to believe it’s better for the issues to be out of sight, out of mind until they roar back once again. In […]

FOREX-Euro gains as ECB’s Draghi defends bond-buying plan

by on September 25, 2012 4:47 pm BST
Tue Sep 25, 2012 12:47pm EDT * ECB's Draghi defends bond-buying plan * Bundesbank checking legality of ECB bond-buying - report * Euro rebounds from one-week low * Spain, Greece worries weigh on euro By Julie Haviv NEW YORK, Sept 25 (Reuters) - The euro rose against the dollar on Tuesday, rebounding