ECB survey: Euro-zone inflation expectations revised down

Haresh Menghani FXStreet

According to the result of the latest survey of professional forecasters conducted by the European Central Bank (ECB), inflation expectations have been revised down by 0.1% for each year in the projection horizon.

Key highlights:

• 2019 inflation seen at 1.3% (previously 1.4%).
• 2020 inflation seen at 1.4% (previously 1.5%).
• 2021 inflation seen at 1.5% (previously 1.6%).
• Longer-term inflation projection cut to 1.7% from 1.8%.

• 2019 real GDP growth seen at 1.2% (unchanged).
• 2020 real GDP growth seen at 1.3% (previously 1.4%).
• 2021 real GDP growth seen at 1.4% (unchanged).
• Longer-term GDP growth is seen at 1.4%.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD trims gains, hovers around 1.1900 post-US data

EUR/USD trades slightly on the back foot around the 1.1900 region in a context dominated by the resurgence of some buying interest around the US Dollar on turnaround Tuesday. Looking at the US docket, Retail Sales disappointed expectations in December, while the ADP 4-Week Average came in at 6.5K.

GBP/USD comes under pressure near 1.3680

The better tone in the Greenback hurts the risk-linked complex on Tuesday, prompting GBP/USD to set aside two consecutive days of gains and trade slightly on the defensive below the 1.3700 mark. Investors, in the meantime, keep their attention on key UK data due later in the week.

Gold loses some traction, still above $5,000

Gold faces some selling pressure on Tuesday, surrendering part of its recent two-day advance although managing to keep the trade above the $5,000 mark per troy ounce. The daily pullback in the precious metal comes in response to the modest rebound in the US Dollar, while declining US Treasury yields across the curve seem to limit the downside.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.