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Tag: ECB Press Conference

DAX Moves Higher Ahead of Fed Rate Announcement

The DAX index has posted gains in the Wednesday session. Currently, the DAX is at 12,898, up 0.44% on the day. On the release front, Eurozone employment change edged up to 0.4%, above the estimate of 0.3%. Eurozone industrial production declined 0.9%, weaker than the forecast of -0.6%. In the U.S, the Federal Reserve is expected […]

EUR/USD – Euro Ticks Higher Ahead of Expected Fed Rate Hike

EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1760, up 0.13% on the day. In the eurozone, Employment Change edged up to 0.4%, above the estimate of 0.3%. Industrial Production declined 0.9%, weaker than the forecast of -0.6%. In the U.S, PPI is expected to rise to 0.3% and Core […]

DAX Stems Slide, Markets Eye ECB Statement

The DAX index has steadied in the Thursday session, after recording sharp losses in Wednesday trade. Currently, the DAX is trading at 12,437 points, up 0.12% on the day. On the release front, German GfK Consumer Confidence edged down to 10.8, close to the estimate of 10.9 points. Later in the day, the ECB releases a […]

EUR/USD – Euro Steady as Markets Eye ECB Rate Statement

EUR/USD has posted slight losses in the Thursday session, erasing the gains seen on Tuesday. Currently, the pair is trading at 1.2175, up 0.12% on the day. On the release front, German GfK Consumer Confidence edged down to 10.8, close to the estimate of 10.9 points. Later in the day, the ECB releases a rate statement, […]

DAX Slumps as US Bond Yields Continue to Rise

The DAX index has posted sharp losses in the Wednesday session. Currently, the DAX is trading at 12,335 points, down -1.70% on the day. On the release front, there are no German or eurozone events. On Thursday, the ECB releases a rate statement. European stock markets have taken a thrashing on Wednesday, with the DAX […]

EUR/USD – Euro Posts Small Losses, ECB Policy Statement Next

EUR/USD has posted slight losses in the Wednesday session, erasing the gains seen on Tuesday. Currently, the pair is trading at 1.2212, down 0.17% on the day. It’s a quiet day on the release front, as the sole event is Crude Oil Inventories. On Thursday, the ECB will set interest rates, while the US releases […]