The Euro is likely to reach new lows over the coming months as Eurozone growth falls falls even further, according to Bank of America Merrill Lynch, but a recovery for the economy and single currency may not be far behind those anticpated falls.
January 27,2019
The Euro will take a cue from the ECB at mid-day today with traders interested in how the Governing Council have interpreted the recent slowdown in Eurozone economic growth.
January 25,2019
The Euro hit the deck Thursday after IHS Markit PMI data suggested the mighty German manufacturing sector is headed for a recession, just hours before the European Central Bank (ECB) is scheduled to deliver its latest assessment of the Eurozone economy and interest rate outlook.
January 24,2019
The Euro pared an earlier loss Tuesday after the influential ZEW Leibniz Centre for European Economic Research survey appeared to show the outlook for German businesses stabilising during January, after a torrid three-month period of deterioration.
January 22,2019
The Euro will struggle this week as markets shun the currency ahead of Thursday's European Central Bank (ECB) meeting, which will see policymakers resond to a recent spate of dire economic figures, according to analysts at Societe Generale and BMO Capital Markets.
January 21,2019
The technical picture is actually more bearish than it was at the start of the previous week. Despite temporarily piercing above the trendline drawn from off of the January 2018 highs, the exchange rate ultimately failed to break above it and declined in the week before.
January 20,2019
The Euro is headed for new lows over the coming months, according to analysts at UniCredit Bank, who say fears over the economic outlook mean things are likely to get worse for the single currency before they get better.
January 18,2019
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