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EU Says Stablecoin Bill Coming in March

by on February 11, 2022 0
The Chinese digital yuan may be the biggest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead McGuinness announced plans on Feb. 9 to introduce a bill creating a digital euro next year, according to Politico. Based on current experiences, this means that an EU... Read More

S&P 500 rises after Amazon earnings, jobs report

by on February 4, 2022 0
The S&P 500 and Nasdaq Composite rose on Friday, pushing major stock indexes to weekly gains, after a better-than-expected January jobs report showed the economy continues to grow solidly. The tech-focused Nasdaq Composite jumped 219.19 points, or 1.6%, to end at 14098.01, a day after the index posted its biggest loss since September 2020.... Read More

German 10-year bond yield is trading in positive territory

by on January 19, 2022 0
Outgoing Finance Minister and new German Minister Chancellor Olaf Scholz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobie Schwarz | Reuters Borrowing costs for the German government continued their ascent on Wednesday, with the benchmark 10-year Bund yield... Read More

Fed rate view clears outlook for European bank stocks

by on January 6, 2022 0
The headquarters of the European Central Bank (ECB) is seen at sunset in Frankfurt, Germany on January 5, 2022. REUTERS / Kai Pfaffenbach Register now for FREE and unlimited access to Reuters.com Register European bank stocks at their highest for more than three years Bank shares jumped 70% in one year until November 2021... Read More

The path of least resistance is lower

by on December 25, 2021 0
Technical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively... Read More

Stocks fall as hawkish central bank tilt upsets markets

by on December 17, 2021 0
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage house in Tokyo, Japan, September 21, 2021. REUTERS / Kim Kyung-Hoon Register now for FREE and unlimited access to Reuters.com Register Stocks slide in all regions, oil prices fall The BoJ takes... Read More

FOREX-Dollar declines with Fed policy decision in sight

by on November 1, 2021 0
* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (add analyst comment, update prices) By John McCrank NEW YORK, Nov. 1 (Reuters) – The dollar eased against its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session, as traders position ahead of the highly anticipated meeting of... Read More

Towards green balance sheets for central banks

by on October 28, 2021 0
In 2020, the Bank of England (BoE) became the first central bank to disclose climate risks associated with its monetary portfolio. In a report, the UKThe central bank has taken stock of its climate-related financial risks in all of its operations, including how it manages them. There is now no doubt among central bankers... Read More

EUR / GBP likely to be volatile as BOE-ECB risks grow

by on October 27, 2021 0
Key talking points: EUR / GBP ffinds support as traders prepare for ECB and BOE meetings The GBP’s hawkish expectations give way to disappointment EUR / GBP continues to trade on a downtrend, with the pound remaining supported by expectations that the Bank of England will need to step up efforts to reduce monetary... Read More

Power shift in the global economy

by on October 11, 2021 0
The COVID-19 pandemic has caused a huge shock to the global economy, just as we are witnessing a major shift in economic management decisions. It’s a change that could leave central banks on the sidelines as we navigate the economic impact of COVID-19, leaving governments firmly in the driver’s seat. The economic shock of... Read More

FOREX-Dollar at 2021 Highs Even as US Government Shutdown Looms

by on September 29, 2021 0
* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (Price updates) By Iain Withers LONDON, Sept. 29 (Reuters) – The dollar soared on Wednesday and peaked in 2021 against rival currencies, even as disputes in Washington over the US debt ceiling threatened to plunge the government into shutdown. The greenback – the global reserve currency seen as... Read More

Latin America Inflation Threat Sparks More Hikes: Green Week

by on September 25, 2021 0
(Bloomberg) – Latin America’s fight against soaring consumer prices is expected to shift to a new front this week, with Colombia set to become the region’s fifth-largest economy under a targeting regime. inflation aimed at tightening monetary policy. Bloomberg’s Most Read Bogota’s central bank is almost certain to join its peers on Thursday and... Read More

Crypto assets are absolutely not currencies, says European Central Bank President Christine Lagarde

by on September 17, 2021 0
European Central Bank (ECB) President Christine Lagarde draws a hard line between crypto assets and traditional currencies. In a new interview on David Rubenstein’s show, Lagarde explains why she thinks the word “cryptocurrency” is a misnomer. “Cryptos are not currencies – period. Cryptos are highly speculative assets that claim their fame as a currency,... Read More

FIXED-FOREX-Dollar weakens after loss of US payroll

by on September 3, 2021 0
(Corrects to show euro high of 1.1909, not 1.909) * Dollar falls after U.S. jobs miss * Euro strengthens ahead of ECB meeting next week * Yen shrugs off PM Suga's decision to step down * Graphic: World FX rates tmsnrt.rs/2RBWI5E By Chuck Mikolajczak NEW YORK, Sept 3 (Reuters) - The dollar weakened further... Read More

GBP / USD technical analysis: possible rise

by on August 11, 2021 0
GBP / USD is moving within a very narrow range in light of the pound’s stubbornness against the strength of the US dollar. The dollar strengthened after impressive US employment figures, which showed the extent of the rapid economic recovery from the effects of the epidemic, paving the way for Federal Reserve policy tightening.... Read More

Lake County News, California – The next great financial crisis could be triggered by climate change – but central banks can prevent it

by on July 20, 2021 0
Climate change and policies to prevent it can shake up the economy. Citizen of the Planet / Education Images / Universal Images Group via Getty Images In 2008, as big banks started to go bankrupt on Wall Street and as the housing and stock markets collapsed, the country saw how crucial financial regulation is... Read More

https://www.dailyfx.com/forex/fundamental/forecast/weekly/EUR/2021/07/18/Euro-Forecast-EURUSD-Price-Outlook-Still-Negative-ECB-Meeting-in-Focus.html

by on July 18, 2021 0
Fundamental Euro Forecast: Bearish The Governing Council of the European Central Bank will announce next Thursday its latest decision on monetary policy in the euro area and everything indicates that it will be one of the last major central banks to tighten its policy after the crisis caused by the pandemic of coronavirus and... Read More

Three little birds – When lawyers run central banks

by on July 17, 2021 0
Get up this morning I smiled with the rising sun Three little birds Location near my door Sing sweet songs Pure and true melodies Sayin ‘, “This is my message to you-or-or:” Singing: “Don’t worry about nothing, worry about nothing, oh! Every little thing will be fine. Do not worry!” Singing: “Don’t worry about... Read More

What does central bank divergence mean for FX?

by on July 9, 2021 0
There has been a massive change in the world of central banking lately. Some have taken small steps towards getting out of cheap money and ultimately raising interest rates, but others have not. We appear to be entering a period when economies that raise their rates may see their currencies appreciate against those that... Read More

European Central Bank drops predictive pessimism

by on June 12, 2021 0
/ forum The European Central Bank has made the biggest revision of its macroeconomic outlook for the coming years since the start of the pandemic. Analysts have clearly raised the expected price of GDP, which, according to forecasts today, will be in about two years at the level which would have been without the... Read More

Dollar swings as market digests US inflation data, ECB

by on June 10, 2021 0
The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested high US inflation data and comments from the European Central Bank. After taking a wait-and-see stance all week, sucking market volatility and leaving major currencies mostly in ranges, Thursday’s news seemed... Read More

FOREX-Dollar Wobbles As Inflation Test Looms

by on June 9, 2021 0
* Trade in a range before inflation and the ECB * DXY at 90.107, EUR / USD standing below $ 1.22 * The dollar is seen as vulnerable to inflationary surprises on either side * Chart: Global exchange rates https : //tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, Jun 9 (Reuters) – The dollar held on... Read More

Supervisors step up pressure on banks to tackle climate risk

by on May 31, 2021 0
Two motorized paragliders circled the headquarters of the European Central Bank earlier this year, before landing there to unfurl a bright yellow Greenpeace banner declaring “Stop funding climate killers”. The message to the region’s monetary policy makers was clear. The specific target of the protesters was the more than 300 billion euros in bonds... Read More

Cathie Wood says central banks could add crypto to their balance sheets. Here is the list of bitcoin skeptical central bankers who think otherwise. | Currency News | Financial and business news

by on May 28, 2021 0
Cathie Wood is CEO and Chief Investment Officer of ARK Invest, which manages three of the most profitable ETFs of the past three years. ARK Invest Superstar investor Cathie Wood said on Thursday that central banks in emerging markets may add cryptocurrencies to their balance sheets to hedge against the effects of deflation as... Read More

Bitcoin runs on fears of regulatory crackdown

by on May 19, 2021 0
Cryptocurrency markets have swung into chaotic trading and related stocks have been hit after Chinese regulators reported a crackdown on the use of digital currencies, the prices of which have skyrocketed this year. Bitcoin fell 30% to $ 30,101, before reducing its losses to less than 8%. Other digital coins were also hit by... Read More

As long as Bitcoin has been seen this way, “ governments and central banks will not eliminate or ban it ”

by on May 7, 2021 0
Most crypto communities believe that Bitcoin and other digital assets pose a threat to central banks, governments, and treasuries to some extent. However, in a recent interview, Michael Saylor, founder and CEO of Microstrategy expressed his opposite notion on the same. He stated, “I think the most common misconception in the world is that... Read More

How Central Banks Tackle Climate Change Risks – The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

by on May 5, 2021 0
(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silvia Anna Ainio, Policy Officer, European Commission Central banks are playing an increasingly critical role in tackling climate change policy goals. Integrating climate-related risks into regulatory frameworks remains difficult, but central banks... Read More

Top 10 countries with the largest gold reserves

by on May 2, 2021 0
Central banks have been net buyers of gold for 11 consecutive years. According to World Gold Council (WGC) data, central banks around the world bought 272.9 tonnes of bullion in 2020. Last year’s purchases were 60% below the record 668 tonnes added in 2019. The COVID-19 pandemic has been a more powerful engine for... Read More

The reverse interest rate: a new motive for countercyclical macroprudential policy

by on May 2, 2021 0
The reverse interest rate: a new motive for countercyclical macroprudential policy The prolonged period of negative interest rates in the euro area and other advanced economies has raised concerns that further monetary policy accommodation may have the opposite effect than expected. More specifically, further easing of monetary policy into negative territory risks producing contraction... Read More

An e-yuan, a euro or a dollar? The world’s central banks are getting to grips with digital cash

by on April 29, 2021 0
The rise of central bank digital currency Large economies are exploring the options available. Image: iStock BUSINESS The world’s largest central banks are stepping up efforts to issue digital cash to fend off emerging threats to traditional currency and make payments systems smoother. In recent weeks, China’s central banks in the UK have stepped... Read More

The central bank as a printing company

by on April 26, 2021 0
By Obadiah Mailafia Joseph Mubiru (1929-1971), was the first Governor of the Bank of Uganda. Highly competent technocrat; he was once ordered to print money by the strong man in the country’s army, General Idi Amin, which he politely refused to do. For professional reasons. He was fired and then murdered. Central bankers live... Read More

Forex Forecast: Pairs at a Glance

by on April 25, 2021 0
Get the Forex forecast using Fundamentals, Sentiments and Technical Position Analysis for Major Pairs for the week of April 26, 2021 here. Publicity The difference between success and failure in Forex trading will most likely depend primarily on which currency pairs you choose to trade each week and in which direction, and not on... Read More

US dollar improves after ECB policy talks cool euro

by on April 22, 2021 0
NEW YORK (Reuters) – The US dollar appreciated against major currencies on Thursday, as positive economic news contrasted with comments from the European Central Bank that eurozone weakness still requires sustaining its pace current bond purchases. FILE PHOTO: The inverted image of United States President George Washington is seen on an engraving plate for... Read More

Central banks must act now on climate change

by on April 21, 2021 0
The writer is Managing Director of Fidelity International “There have been three great inventions since the dawn of time”, the American humorist Will Rogers would have said: “The fire, the wheel and the central bank“. Rogers made his comment about a century ago, and central banks are now more influential than ever. They have... Read More