As usual, stocks have continued their charge upwards. The NASDAQ is up 1.44% this week, the SP500 up 0.25% and the Russell is down 1.45%
In currency land, it’s really been a dollar story into month end with the Greenback up 0.75%.
Just like the BoC on Wednesday, the ECB left rates unchanged as anticipated...
Here are the key points:
* Deposit rate unchanged at -0.50%, interest rate unchanged at 0%, marginal
lending rate unchanged at 0.25%
* They will
> "We did it! Europe is strong. Europe is united!"
Those were the words of Charles Michel back in July.
The President of the European council oversaw four days of tense negotiations
between EU leaders until an agreement was
Equities have had a bounce!
There's maybe some technical reasoning here.
The 100 daily exponential moving average has shown some support.
TradingView [Tradingview.com]I'd argue though that it's more to do with weakness
outside of the US
The dollar has had an unreal day of it with the dollar index approaching 94.00.
TradingViewEURUSD, USDCAD, USDJPY and GBPUSD have all found themselves
approaching key levels which have either been broken (USDCAD), have failed
Start of a new week, and Europe (and the euro) are getting battered (we'll
ignore other markets for now to bask in David's disdain for the euro ccy).
Here's what we reckon should be in focus for Europe