wrapper

Euro pushed lower after ECB Nowotny comments

After the EUR/USD initially tested 1.15 handle, it found significant amount of resistance there and pulled back all the way to daily low at 1.1425. The cause behind this retreat is statement by ECB member Nowotny that ECB is clearly missing its inflation target, regardless of its stimulus measure. What needs to be done according to Nowotny is additional set of instruments, including structural tools.
Read more...

ECB ready for QE adjustment if needed

It is a steadier Monday's session with no data releases from Eurozone and with US banks being closed in observance of Columbus Day. On Friday, ECB President Mario Draghi said that the central bank is ready to adjust its large-scale asset purchase program known as quantitative easing, if needed. 
Read more...

Euro struggling with 1.12 handle

There were no data releases from Eurozone today, with traders still weighing on recent Janet Yellen's comments concerning rate hike, but also paying attention to developments in Eurozone. Helping to support the Euro for a time last week were slightly less dovish comments by European Central Bank President Mario Draghi.
Read more...

ECB's Draghi says too early to decide on further stimulus

Risks to Europe's inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB President Mario Draghi said on Wednesday. Draghi said price growth will take longer than previously expected to rise back to the ECB's near 2 percent target and that the euro zone's central bank is ready to beef up its 1 trillion euro plus asset buying program if needed.
Read more...

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.