News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to accept his resignation.''
In the meantime ...
In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors!
GBPUSD Dragged down by:
- BoJo push for an early election on December 12
- Increasing likelihood of October exit failure
EURUSD Under Pressure as:
- ECB reiterates downside risk, stubbornly low inflation
- Draghi hints to fiscal policy measures
Stavros Tousios
Head of...
In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors!
GBPJPY Supported by:
- Increasing expectations EC will grant January extension
- BoJo win in case of early election
- Weak safe-haven flows
- Japan manufacturing to 3yr low
EURGBP Under Pressure as:
- Investors eye ECB and last Draghi meeting
- Disappointing Business Climate...
Today the ECB Meeting takes place. At 13:45 the Interest Rates will be announced here a cut is expected and already priced into the markets. At 14:30 it should get really interesting here Draghi will hold his last important speech at the ECB, it is expected that this speech will be very dovish kind of a farewell present from Draghi and we have seen that the...
Once again the ECB is challenged with managing market expectations, while at the same time assuaging concerns within the governing council that the prospective tightening profile (if we can call it that) is starting to lag the growth seen (on average) in the region. Emphasis is being placed on the possible wording on the easing bias, which naturally is hard to...
