Comments by ECB policymaker, Robert Holzmann - PEPP purchases worked, helped to lower spreads - There are indications for sustainable recovery from the middle of 2021 Yeah, that is not going to happen. Holzmann's remarks may be his own but I'm sure most, if not all, governing council members would also not go with a rate cut next
Bitcoin falls below $17,000 before a slight rebound, a repeat of the plunge in Asian trading earlier in the day It is shaping up to be a bad day fro cryptocurrencies with Bitcoin plunging by more than $2,000 in a matter of hours today. The drop in Asia took out the $18,000 level and we are
Latest data released by the ECB - 26 November 2020
BOE governor, Andrew Bailey, remarks Suddenly, fiscal discipline is all the rage again after Sunak presented the latest OBR forecasts yesterday, but we all know that this is just all for the optics. We'll be here talking about the same thing and going through the same steps again in the next crisis.
German chancellor, Angela Merkel, remarks in parliament
Slight optimism at the open today The risk mood is keeping calmer as we get things underway but there isn't any extensive risk push for the time being. Amid the Thanksgiving holiday, this is giving currency traders little to work with as well to start the session.
Latest data released by INSEE - 26 November 2020 The services sector is once again taking a major hit, with the closure of restaurants and bars dampening economic prospects. The fear is that this may lead to business shutdowns if it goes on for too long.
Comments by UK finance minister, Rishi Sunak Both sides are keeping rather quiet on how talks are shaping up to be for now, though it is said that yesterday. If anything, Brexit drama (if any) is likely to provide most of the key headlines ahead of the weekend.
AUDNZD sell on rallies now? On Tuesday the RBNZ prompted a sharp spike higher in the NZ 10 year bond yields. Why? The RBNZ are being asked to add housing prices to their remit. . The thinking is that if the RBNZ add house prices to their remit then the subsequent reduction in house prices will act as
European futures mildly higher in early trades - German DAX futures +0.1% - UK FTSE futures +0.2% - Spanish IBEX futures +0.2% After more of a mixed session yesterday, the market mood is slightly calmer so far but with Wall Street observing a holiday, there might be little to work with in trading today.