Daily news: Japan and the US meet today for trade talks
BOJ governor Kuroda made a speech today during the scheduled press confidence at 10:30 MT time…
Euro zone corporate lending surge tacks on
The previous month surge in euro zone corporate lending managed to pick up, as the European Central Bank informed on Thursday. It unveiled it just hours before revealing whether it would reduce monetary stimulus from 2018 or not.
In September, lending surge to businesses, a major plank in euro zone's economic recovery, rallied to 2.5% from August’s outcome of 2.4%, while household lending didn’t change, sticking to 2.7, as the ECB told.
However, lending demonstrated its best performance since global financial downtime - it stood below its pre-crisis mark because financial institutions, under pressure to improve their balance sheets, were still reluctant to lend the EU’s real economy.
The annual surge rate of the M3 measure of money supply, considered by some to be a precursor of economic activity, climbed up from 5.0 to 5.1% the previous month, thus confounding expectations for 5.0%.
On Thursday, the ECB is supposed to announce that it’s going to reduce asset purchases from 2018.
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Daily news: Crude oil prices keep rising
The main focus for EUR/USD today will be on the ECB president Mario Draghi speech at 4 pm MT time…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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