Markets News 

Don’t look now, but global economic reports are starting to surprise investors in a good way

“Economic data continued to disappoint in early 2019, though more recent readings have shown signs of stabilization” writes Deputy Markets Editor for marketwatch.com. It’s worth watching, however, because it picks up changes much more quickly than the 12-week window (captured by the black line) which is similar to what’s used in most economic surprise indexes, he noted.Efforts by China to boost its economy, which is facing cyclical headwinds as well as trade-related worries, have also cheered investors.At the same time, worries over the outlook for global growth have at times…

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News Regulators 

EUR/USD Forecast March 11-15- Dovish ECB sends euro to 21-month low

“With the ECB in no mood to raise rates anytime soon, investors are not finding the euro particularly attractive, even with the Fed sending a dovish message to the markets” writes Kenny Fisher for forexcrunch.com. Nonfarm payrolls were a disaster, plunging to just 20 thousand, This was much worse than the forecast of 180 thousand.Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A dovish message from the ECB was clearly not to investors’ liking, as the euro fell sharply. Source: forexcrunch.com

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News 

Technical Analysis EU50: 2019-03-07

“The pace of private sector activities expansion in February was boosted due to the services sector expansion while manufacturing shrank for the first time since June of 2013” reports fxstreet.com. Latest euro-zone economic data were positive: retail sales in January rose more than expected, and private sector expansion accelerated more than forecast.Retail sales increase and private business sector expansion were better than expected in euro-zone.If the price meets the stop-loss level (3251.18) without reaching the order (3341.01) we recommend cancelling the order: the market sustains internal changes which were not…

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News Regulators 

Euro tumbles to lowest level since 2017 as ECB says rates will be lower for longer

“On the rate front, the central bank had previously said it would hold off on any rate hikes until some point after this summer” writes Deputy Markets Editor for marketwatch.com. The ECB on Thursday announced it would launch a new round of targeted longer-term refinancing operations, or TLTROs, to eurozone banks.The euro EURUSD, -1.0435% which had been little changed ahead of the policy decision, slipped to $1.1182, compared with $1.1309 late Wednesday, hitting its lowest level since June 2017, according to FactSet.The peso hit an intraday low of 42.60 versus…

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News Regulators 

Gold prices finish lower as ECB news pressures the euro, lifting the dollar

“Weakness in the currency led to a stronger U.S. dollar, which often weighs on dollar-denominated prices of gold” writes Markets Commodities Reporter for marketwatch.com. The dollar, as measured by the ICE U.S. Dollar Index DXY, +0.83% was up 0.6% at 97.414 as gold futures settled.The euro EURUSD, -1.0788%  fell to four-month lows after the ECB said its ultralow interest rates wouldn’t rise at least until late 2019.April gold GCJ9, -0.12% fell by $1.50, or 0.1%, to settle at $1,286.10 an ounce after touching an intraday low of $1,280.80. Source: marketwatch.com

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Markets News Regulators Stocks 

Why the ECB’s surprise policy move is sending shivers through global stock markets

“Opinion: The OECD shows in its latest downgrade how interwoven the global economy is Want this type of analysis sent to your inbox?” writes Deputy Markets Editor for marketwatch.com. Of course, investors knew the eurozone economic outlook was nothing to write home about.This sort of diminished confidence filtering through countries and sectors is one major factor for the slowdown” in the eurozone economy.Stocks on Wall Street fell alongside European equities, underlining rising worries among investors that weakness in the global economy could prove to be a drag on U.S. growth.While…

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News Regulators 

Euro slides to four-month low as ECB says rates will be lower for longer

“The central bank also downgraded, as expected, its 2019 forecast for eurozone-area gross domestic product to 1.1% from 1.7%” writes Deputy Markets Editor for marketwatch.com. On the rate front, the central bank had previously said it would hold off on any rate hikes until some point after this summer.The ECB on Thursday announced it would launch a new round of targeted longer-term refinancing operations, or TLTROs, to eurozone banks. Source: marketwatch.com

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Markets News Regulators Stocks 

Here’s why the ECB’s surprise policy move is sending shivers through global stock markets

“Of course, investors knew the eurozone economic outlook was nothing to write home about” writes Deputy Markets Editor for marketwatch.com. Uncertainty around Brexit and concerns surrounding emerging markets have also been factors, Draghi said.Draghi, in January, acknowledged that risks to the eurozone’s economic outlook had moved from “broadly balanced” to tilted to the downside.While analysts had expected the ECB president to strike a dovish tone, policy makers went much further than anticipated.Opinion: The OECD shows in its latest downgrade how interwoven the global economy is Want this type of analysis…

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News Regulators 

ECB staff slash 2019 eurozone growth forecast

“The ECB now sees 2020 growth of 1.6% versus a previous forecast of 1.7%, while the outlook for 2021 was unchanged at 1.5%” writes William L for marketwatch.com. As expected, European Central Bank staff on Thursday slashed their forecast for 2019 gross domestic product growth in the eurozone to 1.1% from a previous estimate of 1.7%.In his news conference, Draghi said risks to the eurozone outlook remain tilted to the downside.The ECB also cut its inflation forecast for 2019 to 1.2% from 1.6%, while 2020 was cut to 1.5% from…

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