Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
ECB : An Update on the German Constitutional…
Summary: Over the past week, several encouraging signals from Germany have tended to indicate an easing of tension between the German Federal Constitutional Court (GFCC) and the ECB. The GFCC has until early August to decide…
Luis de Guindos: Euro area – economic outlook…
The euro area economy has been experiencing an unprecedented contraction since the coronavirus (COVID-19) began spreading in Europe. Economic activity declined in the first quarter by 3.6 percent, quarter-on-quarter, driven by the fall in both…
The Daily Fix
Trader thoughts - Risk continues to fly, but watching EUR exposures Following on from my video yesterday in which I laid out the incredible momentum in risk assets, it’s been another big night for markets. More…
ECB Call: Looking for PEPP Increase of €500bn…
[caption id="attachment_367124" align="alignleft" width="300"] ECB PEPP increase[/caption] Summary: We are onside with the consensus in expecting an increase in the PEPP of EUR 500bn and its extension until 2021. The ECB is also likely to take…
The Daily Fix
Trader thoughts - the week ahead playbook It’s tough to be a bear at the moment and the path of least resistance for risk remains to the upside in my opinion. We’ve moved past Trump’s…
ECB Preview
[caption id="attachment_365819" align="alignleft" width="300"] ECB's Preview[/caption] Summary: We don't expect much from today's meeting. ECB President Lagarde's main goal should be to explain what her strategy is and how she sees the shape of the recovery.…
Bank of Lithuania: Government bond purchases increased as…
Since the Bank of Lithuania began implementing the European Central Bank’s (ECB) pandemic emergency purchase programme (PEPP), the number of auctions for Republic of Lithuania government bonds has doubled, while the overall volume of purchases…
ECB announces package of temporary collateral easing measures
• ECB adopts an unprecedented set of collateral measures to mitigate the tightening of financial conditions across the euro area • Temporary increase in the Eurosystem’s risk tolerance in order to support credit to the…
