Juncker doesn't believe Trump will impose Europe auto tariffs: report

by editor on 2019-11-08 16:42:56 | 0 comments

Outgoing European Commission President Jean-Claude Juncker said he doesn't believe President Donald Trump will levy tariffs on imported European cars next week, according to an interview with German newspaper Sueddeutsche Zeitung. "Trump is going to make some criticism, but there won't be any auto tariffs," Juncker told the newspaper, according to Reuters. "He won't do it. ... You are speaking to a fully informed man." The U.S. has until November 14 to decide whether it will impose tariffs of up to 25% on autos and parts out of Europe...

Inflation forecasts fall in ECB survey of forecasters for fourth straight time

by editor on 2019-10-25 13:23:51 | 0 comments

Inflation forecasts fell in the fourth quarter in the European Central Bank's survey of professional forecasters, the fourth successive fall of 0.1 percentage points. The forecasters expect annual inflation to average 1.2% in 2019 and in 2020, and 1.4% in 2021. The ECB targets inflation just below 2%. The forecasters also lowered their expectations of GDP growth, seeing 1.1% growth in 2019, 1% growth in 2020 and 1.4% growth in 2021. ...

Deutsche Bank argues the U.S. dollar has peaked and the euro has bottomed out

by editor on 2019-10-22 18:32:03 | 0 comments

Here’s some news that probably will cheer up one of its clients, President Donald Trump — Deutsche Bank believes the U.S. dollar has peaked. In a monthly note on its cross-asset strategy, Deutsche Bank’s argument against the dollar is more about an argument for the other side of the trade, the euro. The bank says European interest rates are already near the effective lower bound, leaving little room for more cuts. Plus, the manufacturing data between Europe and other markets are at extremes, where they tend to rebound...

Here’s why European leaders may let an economic slowdown morph into a serious crisis

by editor on 2019-10-08 19:07:15 | 0 comments

The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 and 1.4% in the following year. Europe faces a double whammy of uncertainties both foreign — slowing world trade brought about by U.S. tariffs coupled with the threat of further escalation — and domestic, the increasing possibility of a no-deal Brexit...

The Dollar was supported by November reports on the US labor market

by RoboForex on 2017-12-12 07:43:37 | 0 comments

The EUR/USD pair was so impressed by last Friday’s statistics on the US labor market, that it managed to update the low it had reached on November 20th. The reports were positive indeed. Of course, there were some nuances, but in general, the statistics was very good.  So, the unemployment rate in the USA in November remained unchanged as expected, at 4.1%, the same as the October reading. It’s a very good result, given that a lot of investors had doubts about stability of the indicator...

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