Intra-Day Market Moving News and Views (EUR/USD)



Intra-Day Market Moving News and Views
27 Feb 2015
      03:31GMT

EUR/USD - ...... Reuters news, Japan fund managers raise global stock weighting to 44.6% in February from 41.4% in January; trim global bond weighting to 51.% in February from 51.7% in January and raise euro zone stick weightings, cut Japan bond weighting in February.

Headline euro zone inflation has plunged to -0.6%, well under the ECB's target. A majority of forecasters -- 63 of 85 -- said it won't rebound by much even if global energy prices, which have dragged it down recently, start to rise.

The ECB's bond purchase programme, which includes sovereign debt, will run from March until September 2016 or until inflation shows signs of picking up pace.

The ECB is expected to expand its balance sheet by about 1.1 tln euros by the end of next year, matching its level of early 2012, when the euro zone debt crisis raged.

35 of 81 economists expect the ECB to close out its QE programme by September 2016, on its intended schedule. Forty said the central bank will need to extend it beyond that date, while the remaining 6 said the ECB will conclude bond purchases before then.

But economists are not convinced the programme will lead to a revival in lending to the real economy and fuel demand. The liquidity flush by the ECB back in 2012 did not materially improve loans to the private sector at that time either.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, awaits Fed Chair Powell's speech for fresh hints on next week's price action.

EUR/USD News

GBP/USD hovers around 1.2620 in dull trading

GBP/USD hovers around 1.2620 in dull trading

GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.

GBP/USD News

Gold price sits at all-time highs above $2,230

Gold price sits at all-time highs above $2,230

Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.

Gold News

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.

Read more

Key events in developed markets next week

Key events in developed markets next week

Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.

Read more

Majors

Cryptocurrencies

Signatures