European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

ECB React: Euro softer post dovish hold and robust US data

ECB keeps rates on hold as inflation and growth cool US Core PCE cools more-than-expected US continuing claims rise to the highest levels since May The US dollar was slightly firmer after a dovish hold by the ECB and after a handful of US economic readings boosted soft landing hopes as the labor market softened, quarterly Core PCE cooled more than expected, and economic growth surged last quarter.

26-10-2023 11:13 GMT by Edward Moya

EUR/JPY Technical: Bulls are in hesitant mode again as ECB looms

This is a follow-up analysis of our prior report, “EUR/JPY Technical: Bulls may have reached a key bearish reversal zone” published on 18 September 2023. Click here for a recap. The price actions of the EUR/JPY have shaped the expected minor slide toward the highlighted support of 155.90 as mentioned in our previous report.

26-10-2023 07:44 GMT by Kelvin Wong