Today's Events in the Market

April 22, 2016

Finance Ministers In Euro Zone Discourse Bailout

Europe’s finance ministers assembled in Amsterdam on Friday known as the Eurogroup meeting to discuss the improvement for the review of an economic adjustment program of Greece, which the Hellenic Republic obliged to pass in order to receive the following tranche of the loan.  

Jeroen Dijsselbloem, Eurogroup’s head, has played down the potential of any deal being reached and was anticipated to attend a press conference.

Yen Stuggles Led By BOJ’s Hefty Negative Rates

On Friday, the yen settled at a two-week low against the greenback after the Bank of Japan (BoJ) announced a potential expansion of negative interest rate policy beyond recent applications.

Apparently, it was reported that the Japanese central bank was aiming to apply for negative rates towards its lending program for banks.

Shares of Japan finds support after the announcement, which sets off gains and has increased to an 11-and-half week high.

Euro Area Economy Remained Steady

Euro zone’s economic activity surprisingly weakens in April, citing worries over the region’s health economy, according to the Markit PMI data announced.

As the monetary policy remained unchanged by the European Central Bank on Thursday, Chris Williamson, a market chief economist said, “even more aggressive policy action may therefore be required to drive a more robust and sustainable recovery and reignite inflationary pressures.”

The data was unleashed as a survey of ECB of experts in forecasting has shown a declining growth anticipations for the region during 2016.

Oil Gained its Biggest Rally in 2016

Crude activity remained in a volatile trading on Friday, suggesting its biggest weekly rallies for this year.

Brent increase about 8% since Monday, while West Texas, moved higher within the week.

Investors will closely watch on the Baker Hughes U.S. rig count data in the day. 

U.S. crude oil futures lost 0.05% to $43.16, while Brent oil change hands to 0.31% to $44.39.

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January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

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