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Monday, 07 March 2016
News

ECB expected to add further stimulus

The European Central Bank (ECB) is seen expanding its monetary stimulus this Thursday, giving the existing asset purchasing program a further boost after it prolonged the program till March 2017 back in December last year.
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Wednesday, 24 February 2016
News

Investors speculating on future ECB moves

There are no data releases from Eurozone today, with euro continuing to decline. Markets are turned to speculations on future ECB moves. Mario Draghi has two weeks left to decide how to ramp up stimulus in a way that doesn’t upset either his colleagues or investors. When European Central Bank policy makers meet in Frankfurt from March 9-10, they’ll consider whether negative interest rates and 60 billion euros ($67 billion) a month of debt purchases is enough to revive consumer prices. 
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Monday, 15 February 2016
News

ECB "will not not hesitate to act", Dragi says

The euro zone will need "a strong effort" from all its policymakers if it is to overcome the "significant challenges" that global markets have thrown down over the past few weeks, the head of the European Central Bank has told the region's lawmakers Monday. “In the light of the recent financial turmoil, we will analyze the state of transmission of our monetary impulses by the financial system and in particular by banks,” Draghi told European Parliament lawmakers in Brussels on Monday. 
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Thursday, 11 February 2016
News

Euro higher in less eventful Thursday trade

There were no data releases from Eurozone on Thursday. Jens Weidmann from the ECB said that there is no doubt that the current monetary policy situation is not an easy one, with downside risks to inflation in the euro area having increased recently. This concern is also evident in the introductory statement of the ECB Governing Council last week. There is no doubt that uncertainty is currently running high.

Given the recent financial market turbulence in China, the continued drop in oil and commodity prices and the heightened geopolitical risks, doubts are being raised in some quarters as to whether the international environment is still providing the stimuli for euro-area growth that were incorporated into the December Euro system staff projection, with economic growth for 2016 and 2017 expected to be 1.7% and 1.9%, respectively.

Euro is currently being traded few points above 1.13 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1360 level.

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