Posts Tagged ‘eurozone’

Draghi Action Expected As Eurozone Momentum Lacking

by Christopher Lemieuxon June 4, 2014 12:35 pm BST
It is expected that European Central Bank (ECB) President Mario Draghi will do something drastic at tomorrow’s central bank meeting. Draghi has been able to keep market participants at bay on promises of action, but the string of poor data, ranging from inflation to growth expansion to unemployment, it is time to put up or […]

Eurozone Inflation Drops Ahead of ECB Meeting, Euro Steady

by Christopher Lemieuxon June 3, 2014 12:32 pm BST
Inflation in the eurozone dropped more than expected in May. Consumer prices fell .2 percent to .5 percent, while analysts were expecting the rate to remain at .7 percent. The drop in the eurozone flash consumer price index (CPI) will put additional pressure on the European Central Bank (ECB) to react through additional stimulus measures, […]

US Dollar Hits Resistance Ahead of ISM Manufacturing Data

by Christopher Lemieuxon June 2, 2014 12:15 pm BST
The US dollar was propped up in early trade after a series of less than expected European data. The collective manufacturing PMI for the eurozone ticked lower, while consumer prices continue to pressure the euro. German consumer prices will be released today, tentatively. While analysts are looking from an increase of .1 percent from negative .2 percent, there […]

USDJPY Falls as Yen Rise on GDP Figure, Slower Global Economic Outlook

by Christopher Lemieuxon May 15, 2014 9:29 pm BST
The dollar-yen sank on positive gross domestic product figures out of Japan, and momentum began to pickup on the worries that the overall global economic outlook is not as healthy as some analysts believe. The yen was higher against all major peers with the USDJPY reaching a low of 101.31, a key support level over […]