Despite the positive survey from over 60 global chief economists, investors and industry experts are reconsidering when the cuts will come largely because the major global economies have failed to get inflation consistently under its 2% target. Last week, markets predicted a 75% chance of US rate cuts in March of this year. This week,…
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The dollar index retreated by 0.2% to reach 104.85, its lowest point in over six weeks, following a substantial 1.4% drop last week. In contrast, the euro saw a 0.2% increase, reaching a 7.5-week high at $1.0756. Several factors contributed to the dollar's decline. These included the weakening US job market, softer manufacturing statistics, and…
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The European Central Bank and Bank of Japan are embarking on a research project looking into the use of distributed ledger technologies for market infrastructure. In a speech this week, ECB executive board member Yves Mersch stressed that the bank cannot "at this stage" consider basing its market infrastructure on DLT because the technology is…
Read moreClearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…
Read morePlatform contract includes coverage of U.S dollar- and yen-denominated interest rate swaps.
Read moreMario Draghi's speech was today interrupted by a female protester who shouted and wore a t-shirt defaming the European Central Bank
Read moreDespite continual financial woes in the Eurozone, some analysts consider that conditions may sufficiently improve that the 60 billion euro per month bond buying measures could be scaled down early
Read moreAs the bond rates turn negative, and the Euro continues to devalue, Societe Generale tells the ECB that "The universe of buyable bonds is melting like snow in the spring sun.”
Read moreThe EURUSD took a significant tumble following today's announcement that Germany had rejected Greece's repayment extension proposals, with the European central currency declining a whole cent by 9,00am
Read moreThe European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…
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