Tag Archives: European

European Poker and the German Bluff

He who can destroy a thing, can control a thing  Dune, Frank Herbert  The dispute between Greece and its European lenders has not yet reached the point where the parties are frankly contemplating the results of their own intransigence.   Greece says it wants to remain within the euro but end its forced austerity.  Germany

EURUSD Breaks 1.2400 Handle on European Central Bank Rate Decision

DailyFX.com – Talking Points: – European Central Bank leaves rates unchanged. – European Central Bank policy will reassess QE effects in the beginning of 2015. – EURUSD climbs to 1.2415. The European Central Bank decided to leave its main refinancing rate unchanged at a record low of 0.05%. ECB President Draghi adopted a dovish tone

European dollar gains

European currencies, sterling in particular, were already coming under pressure ahead of the European session, with the subsequent data enhancing the trend and pushing cable more than 1 big figure lower on the day to below 1.59. The weaker services PMI data provided the impetus to the renewed push lower, dragging EURUSD to below the

European Business Expansion Slows, New Orders Fall

Business activity in the eurozone slowed to its lowest point this year, keeping the focus on the European Central Bank as it struggles to overcome economic stagnation in the seventeen nation monetary union. Data firm Markit Economics’ monthly composite purchasing managers’ index, a gauge of activity and sentiment in the manufacturing and service sectors, dropped

European futures rally on encouraging data from Asia

European indices seen higher on encouraging Chinese, Japanese and US data; Friday’s jobs report provides boost in Asia over night; China records highest trade surplus in more than five years; Japanese GDP sees unexpected upward revision. European indices are expected to start the week on a positive note following the release of some encouraging data

Oil Drops on Weaker European Indicators

Brent crude fell to a three-week low on concern a weaker European economy will reduce demand and as Libya’s oil production gained. West Texas Intermediate’s discount to Brent narrowed before weekly inventory data. The European benchmark slipped for a third day. The Euro-region unemployment rate stayed near a record high in April, Luxembourg-based Eurostat reported.