Dovish ECB
The ECB is willing to enlarge its balance sheet by EUR 1 000bn. Too meet that target additional measures could prove necessary.
Autumn forecasts
The European Commission lowered its outlook for European growth. Detailed country forecasts will be used for the reports on economic imbalances and fiscal prospects.
France
Unemployment benefits soon to be tightened?
In France, a new two-year agreement on unemployment insurance was signed in May of this year, running until mid-2016. This new agreement will not help to significantly reduce the regime deficit.
Spain
So far so good
The Spanish recovery risks running out of steam in the quarters ahead. PMI surveys have been declining since summer. The slowdown in export markets could undermine job creations and domestic demand.
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Editors’ Picks
AUD/USD remains firm above 0.6600 ahead of RBA
AUD/USD maintains its bullish bias well and sound on Monday, extending the multi-session recovery past the 0.6600 barrier ahead of the key interest rate decision by the RBA.
EUR/USD propped up near 1.0750 ahead of European Retail Sales
EUR/USD churned around 1.0770 to kick off the new trading week, with the pair rising after better-than-expected Purchasing Managers Index figures early Monday before settling into familiar chart territory above 1.0750 ahead of Tuesday’s pan-European Retail Sales figures.
Gold holds on to modest gains around $2,320
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Ethereum traders show uncertainty following huge whale sale, Robinhood Crypto Wells notice
Ethereum holdings on centralized exchanges continue to decline despite recent whale sales. With Robinhood Crypto as the latest recipient of the SEC's Wells notice, Ethereum spot ETFs look more unlikely.
RBA expected to leave key interest rate on hold as inflation lingers
Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA.