Comments from European Central Bank(ECB) officials continue to be effective on the pair side. Finally, the President of the Central Bank of Lithuania's speech that quantitative monetary expansion should not continue after December has led to upward attacks on the currency side despite recent political uncertainties in Germany. On the US side, the new home sales data we have followed yesterday is above expectations, while developments in trade wars are closely monitored. The latest US President D…
kahinistanbul's Blog
EURusd overview
Recently, the Dove toned remarks from European Central bank officials put pressure on euro assets, while finally the President of the Federal Reserve and ECB Member Jens Weidmann said they would continue to remain expansionary in monetary policy even after net asset purchases have ended. Weidmann also argued that there are some difficulties in achieving inflation but that they will eventually reach the target level. On the other hand, reports from countries with troubled economies such as Italy …
EURusd overview
On Friday, when we look at the headline inflation figures we followed from the euro zone, it was announced in parallel with expectations by 1.9 percent on annual basis and 0.5 percent on monthly basis. Food and energy items were neglected in the core CPI figures were realized in parallel with the projections. The euro, which had been selling hard on the European Central Bank's decision on Thursday, eased in part as inflation figures announced met forecasts. However, CFTC reports described in the…
GBPusd overview
According to the data released in the UK in May, retail sales data was 1.3 percent on a monthly basis and 3.9 percent on an annual basis, while non-fuel Core retail sales were 1.3 percent on a monthly basis and 4.4 percent on a monthly basis. On brexit, the House of Commons, the lower wing of Parliament, rejected the changes made by the House of Lords in the Brexit bill. The rejected changes included those that would lead the country to remain in the European Economic Zone and Customs Union. The…
EURusd overview
Yesterday, while monitoring the complex data from Europe, President Giuseppe Conte drew attention to the positive statements of the Government formed by two parties known as populist discourses in Italy. On the other hand, the uncertainties in Spain's political arena are followed, while expectations for this month's meeting of the European Central Bank are very important in terms of pricing. The latest claim on this subject is that at the June meeting, the ECB may not announce the expiry date of…