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The euro jumped more than six percent following the European Central Bank meeting on Thursday, where President Mario Draghi assured investors that he and his colleagues saw growth in the second part...
EUR/USD Today’s support: - 1.3185 and 1.3148(main), where correction is possible. Break would give 1.3118, where correction also may be. Then follows 1.3083. Break of the latter would result in...
The May job report showed 175,000 in job gains in May, and a small downward revision leaves the three-month average at 155,000. This is consistent with some slowing in GDP growth in Q2, but is still...
Market movers aheadWe believe U.S. retail sales advanced at a decent pace in May. We are looking for a marginal increase in the University of Michigan survey.The calendar in the euro area is thin, but...
At its June meeting, the ECB left key policy rate unchanged. The Bank did not close the doors to further actions. However, we had the impression that in the absence of further deterioration, the ECB...
Following the marked increase (+1.8% m/m) for March, industrial output jumped in April, also up +1.8% m/m. In particular, output in construction bounced back markedly (+6.7%), in line with the end of...
On Thursday, the International Monetary Fund (IMF) published an ex-post evaluation of the first adjustment programme (Stand-by Arrangement or SBA) implemented in Greece between May 2010 and March...
In May, confidence declined in the manufacturing sector but improved in the non-manufacturing sector. This difference is all the more surprising that international trade remains a factor of support,...
The yen surged broadly overnight Thursday, while the dollar tumbled and U.S. treasury yield dropped sharply. The 10 year yield dived to as low as 1.999% before closing at 2.075%. The yen maintained...
The Dollar plunged against the euro, Japanese Yen and other currencies as investors reduced bets on the greenback on concerns applying to Friday’s U.S. jobs report. The EUR/USD traded at 1.3262....
The average American Joe isn’t participating in the U.S. housing market. As a matter of fact, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, investors purchased...
In an internal report released this week on its involvement in Greece in the past few years, the International Monetary Fund takes on the European authorities much more bluntly than usual. Greece came...
Friday was dominated by the aftertaste of the Japanese performance in the overnight markets. The general nervousness surrounding all the risk markets after the heavy sell-offs in stock markets, and...
Scandinavia’s mortgage model is adding risk to the region’s economies as too few homeowners pay down their debt, Moody’s Investors Service said.While interest-only mortgages in...