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

February 23, 2017
FOMC meeting minutes signal rate hike fairly soon – dollar unimpressed
The minutes from the most recent FOMC meeting three weeks ago – the first such meeting since Donald Trump’s presidential inauguration – were released on Wednesday afternoon...
February 23, 2017
Political instability hits the Euro
The Euro plummeted to a 6-week low in today’s trading session before slightly recovering as predictions of political instability swept through the European Union on the back of upcoming elections due out in the upcoming months...
February 23, 2017
Gold prices remained under pressure
The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day...

Exness Rating
FxPro Rating
Orbex Rating
FOREX.com Rating
NPBFX Rating
XM Rating

Banc De Binary Rating
UKoptions Rating
TropicalTrade Rating
Binary.com Rating
GTOptions Rating
First Binary Option Service Rating