EUR/USD: Expected Rise in Industrial Output to Lift the Euro

European Central Bank President Mario Draghi’s remarks in the Spanish parliament yesterday are believed to lift the Euro opposite the US dollar today. Draghi expressed confidence that Spain is on the right track and said politicians should refrain from calling for intervention on the Euro’s value. Likewise, an expected rebound in industrial output across the region in December is also deemed to improve market sentiment.

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EUR/GBP: Euro Poised for a Weekly Drop on ECB Verbal Intervention and EU Budget Cuts

Yesterday, European Central Bank President Mario Draghi caused the Euro’s biggest drop in seven months, and is poised to end in a steep weekly loss opposite the British

Euro Stabilizes; Is the ECB Ready to Act?

After an extremely hard sell-off which began Monday, theEuro stabilized on Friday and actually finished higher for the day. With theway information has been distributed this week, who

ECB’s Trichet Will Try to Steady Euro Investor Confidence

The European Central Bank is expected to hold its benchmark interestrate steady at 1.00% this morning. In addition, look for it to issue astatement saying that rates will

Financial Markets Review by Lloyds TSB

Sterling is relatively unchanged on the week, however this masks the intra-week volatility observed in foreign exchange trading. GBP/EUR closed at €1.0877. US data disappoint, swap rates and equities

Weekly Economics Analysis by Lloyds TSB

After last week’s European central bank announcements, attention turns to Wednesday’s US FOMC meeting. We expect an unchanged 0-0.25% federal funds target range and for the policy statement

Economics Weekly by Lloyds TSB

The Bank of England (BoE) and the European Central Bank (ECB) are expected to leave interest rates on hold at their monthly meetings on Thursday, and we expect

Gold News

The European Central Bank yesterday cut benchmark interest rates to a record 1 percent and unveiled plans to buy 60 billion euros Gold advances on inflation concerns as investor’s

Merk Investments: ECB Confident on Course

The European Central Bank (ECB) cut its benchmark interest rate by a quarter percent to 1.25%; the cut was less than the 0.5% expected by many, but in

ECB Will Have to Act Aggressively to Revive Economy

Pressure could be on the Euro this week as recently releasedeconomic numbers are still indicating a deepening and wideningrecession in the Euro Zone economy. The recent weakness is