The euro is stuck in place

October 8, 2014

In the middle of the week the main currency pair did not find tangible catalysts and is trading in a range.

Absolutely no productive news came out for the European single currency by Wednesday. Statistics are scarce. Today at 19:00 GMT the Federal Reserve will publish the minutes of its last meeting, and perhaps, to date, it is the only more or less significant driver.

And while there is no news, let’s talk about criticism of the ECB within Europe. Yesterday structural claims were made by a member of the board of the Bundesbank, Mr. Dombret, who stressed that the ECB’s steps to stimulate inflation are worthless. According to him, the measures of the European regulator create a risk of an inflation "bubble" on the asset market. The package of measures that the ECB offered as an incentive, according to Dombret’s assessment, is not free from risks. This, in turn, means that the side effects of such incentives may be more than enough.

Earlier Bundesbank itself warily talked about the plans of the ECB for stimulation. The bank believes that this will lead to the acceleration of inflation.

Though, on the other hand, for the euro zone it is now necessary in some way to revive this inflation. CPI is 0.3% y/y - it is too low for the region.
 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

September 30, 2016
The OPEC greases the wheels for oil
The global equities rally led by the gains in the energy sector after the OPEC members cut a deal in Algiers, despite the market scepticism and repeated statements that the Oil officials in Iran and Saudi Arabia are not able to find a middle ground in the current conditions...
September 30, 2016
Opec deal no certainty
In a huge surprise to the market, members of the Opec cartel agreed to cut production by as much as 700,000 barrels a day with some predicting that this may be the start of a new upward trend for oil...
September 30, 2016
Brent futures consolidated their gains
Brent rose in the European session after a surprised OPEC decision to cut oil output. Moreover, a draw in U.S. crude stocks gave an additional support for oil prices...

HotForex Rating
FXTM Rating
FXCM Rating
OANDA Rating
HYCM Rating
FIBO Group Rating

Anyoption Rating
TropicalTrade Rating
OptionBit Rating
Grand Option Rating
Empire Option Rating
EZTrader Rating