The following market analysis was prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Despite the significant spike of the inflation rate across the 19 economies of eurozone, which reached a six-month high last month – the European Central Bank is still far from reaching its range of 2% inflation rate needed to reflect…
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The following article was exclusively prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Before we talk about our expectations for changes in ZEW Survey – for German economic sentiment, it is important to start with the latest reading of the German Manufacturing PMI, because of the usual correlation read for the two indicators…
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The following article is courtesy of AETOS analyst Ryan Chen. Part I and Part II of the report can be seen here and here. Impact on foreign currency market of the Fed’s policy shift It is a fact that the Fed has entered the end of its tightening cycle. However, in currency markets, even after the…
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The following article is courtesy of AETOS analyst Ryan Chen. Part I of the report can be seen here. Reality not as silky as ideal As early as the end of 2018, there was sign that the Fed was shifting to dovish monetary policy. Fed Chairman Powell said, in a speech at the end of…
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The following article is courtesy of AETOS analyst Ryan Chen. Why the shift in monetary policy Prior to the beginning of 2019, America saw a quarter threatened by a growing crisis. On October 3, 2018, starting with Federal Reserve Board Chairman Powell's statement that "It is still a long way before the neutral interest rate,"…
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The following article is courtesy of Retail FX broker Aetos Capital Group. Part II (for Part I click here) Queen's rulings in finance weakened Data released by Eurostat shows that, in September 2018, unemployment rates in France, Italy and Spain were 9.3%, 10.1% and 14.9%, respectively, with the 3.4% unemployment in Germany, who highlights it as the…
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Euronext, the pan-European exchange in the Eurozone, just announced trading volumes for January 2017. Here are some of the highlights: The January 2017 average daily transaction value on the Euronext cash order book stood at €6,458 million down -25.6% compared to January 2016 and down -10.8% from the previous month. The average daily transaction value…
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Here we go again with European geopolitical risk...roughly 6 months after the surprising "Brexit" vote, Italians are ready to make their voices heard regarding their politics. As such, brokerages are beginning to adjust trading conditions for the event. EU and FCA regulated broker Admiral Markets announced margin requirement updates as market uncertainty is increasing around…
Read moreThe European Securities and Markets Authority (ESMA) on Monday said it had issued a negative opinion on a proposed extension of the emergency short selling prohibition, regarding Attica Bank S.A. (ISIN GRS001003011), proposed by the Hellenic Capital Market Commission (HCMC). The HCMC had proposed extending the prohibition on short sales in any shares of Attica Bank…
Read more“If the UK left the European Union, London’s dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European capitals,” US investor Jim Rogers, who co-founded the Quantum Fund in 1973 with George Soros, told Reuters.
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