News Regulators 

Fate of the single currency to be decided by forthcoming ECB meeting

“The impressive growth of the global economy throughout 2017 helped to boost this trade surplus” reports forexlive.com. The weakening of the single currency between 2011 and early 2017 led to a growth in the foreign trade balance, from near zero to a monthly average of 20 billion.Despite the perennial lows in the unemployment rate, and the impressive growth rates of the economy, the ECB is unlikely to rely on strong domestic demand as a driver for inflation.Article provided by FxPro, an industry-leading online broker regulated by the FCA. Weak inflation…

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News Regulators 

ECB unveils plans for 100-ball format in new city-based tournament

“The England and Wales Cricket Board (ECB) has unveiled plans for their new eight-team domestic competition to use a new format of 100 balls per side, rather than 20 overs” writes Guardian Sport for theguardian.com. Lord’s and the Oval are expected to host separate teams with Southampton, Birmingham, Leeds, Manchester, Cardiff and Nottingham also selected as venues for the five-week competition, which starts in 2020. Source: theguardian.com Share This:

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News Regulators 

ECB asks Deutsche Bank to gauge investment banking exit costs: source

“FRANKFURT (Reuters) – Deutsche Bank has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday” writes Midwest Communications Inc for 95kqds.com. Deutsche Bank is already in the middle of a global review of the investment bank, known internally as Project Colombo, to determine the way forward as revenues shrink and clients and staff leave.The point of the exercise is to estimate how the value of Deutsche Bank’s capital market and derivatives business would develop…

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News Regulators 

EUR/USD – Range-bound trading as ECB minutes offer nothing new

“That continues to be the key support level to watch out for and of course the support level for the month’s lows at 1.2212” reports forexlive.com. As such, the 100 and 200-hour MAs will be the levels to watch out for today for any bullish or bearish near-term break.Apart from that, there’s also a host of option expiries on the day that will keep the pair contained near current levels so expect more or less range-bound trading for the most part today. Source: forexlive.com Share This:

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Markets News Regulators 

This important shift in U.S. bond market ownership ‘may surprise many people,’ says Jefferies

“An important change in the underlying ownership of the U.S. bond market has so far gotten short shrift” writes Sunny Oh for marketwatch.com. Europe isn’t the only one imperiled by the buildup of U.S. debt among European investors.In other words, Europeans bought more U.S. debt when yields on the benchmark 10-year Treasury were falling.Consequently, the current outsize ownership of U.S. debt could make the European financial sector more vulnerable to a selloff in Treasurys and U.S. corporate bonds. Source: marketwatch.com Share This:

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News Regulators 

Monetary policy will remain accommodative, irrespective of a trade war, says ECB’s Coeure

“Though the central bank has recently taken a step towards policy normalization, the ECB will continue tracking data before dramatically changing its monetary policy” writes Jason Alden for cnbc.com. Monetary policy in the euro zone will remain accommodative for some time as inflation struggles to pick up, a member of the European Central Bank told CNBC Friday morning.According to the latest forecasts, the ECB expects core inflation to be 1.1 percent this year and 1.5 percent in 2019.”That’s because the economy, and in particular the inflation in the euro zone,…

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News Regulators 

Unexpected euro zone slack could slow inflation rebound: ECB’s Praet

“Other things being equal, it would (mean a) shallower (inflation path)”” reports businessinsider.com. Even if slack is bigger, the ECB is seeing an improvement in the path of inflation so the bank will eventually need to provide more much more clarity on its interest rate path, Praet argued.The ECB earlier flagged a discussion about a new policy guidance and Praet argued that openly discussing life after bond buys is already a signal about such an exercise.”Market prices seem to be coherent with the narrowing of the gap between market-based inflation…

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News Regulators 

Dollar claws back gains as euro weakens on Draghi concern for subdued inflation

“The euro a notable decliner after European Central Bank President Mario Draghi expressed concern with subdued inflation in the eurozone” writes Markets Reporter for marketwatch.com. The ICE U.S. Dollar Index DXY, +0.07%  was up 0.1% to 89.742, slicing into Tuesday’s pullback of 0.3%, according to FactSet data. The producer-price index measuring wholesale inflation for the same month rose to 0.2%, beating forecasts of 0.1%.The U.S. dollar retraced some losses achieved after Wednesday data, but remained in a close trading range. Source: marketwatch.com Share This:

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