The euro is currently falling sharply against the US dollar from 1.1232 to 1.1207. The reason for this is recent news that the ECB is allegedly considering revising its inflation target (previously “2% or close to 2%”). Allegedly, these considerations are still in their beginnings. Let’s take a chance: under the new President of the ECB, Lagarde, the new inflation target is being so well formulated that bond purchases and negative interest rates can be declared a permanent condition? At any rate the euro is currently weakening! And the Dax is happy with +55 points!
Jochen Stanzl is currently commenting on the market launch. His headline statement is “The ECB has NOT disappointed the DAX! He explains in the following video how this is meant. He also discusses the chart […]
The Turkish central bank has just announced its latest interest rate decision. The key interest rate is being lowered from 16.5% to 14%. Expectations were 15.5%. There have already been two sharp rate cuts in […]
As expected, German consumer prices rose by 1.6% in January (December 1.7%, November 1.8%). In January, food prices increased massively as in the previous months, this tim by 3.1% year-on-year. Important: The Harmonised Index of […]