The ECB delivered a bazooka. It extended QE (by €540bn), allowed the purchase of bonds with a minimum one year maturity and the purchase of bonds with yields below the deposit rate (-40bps).

he euro fell and the forthcoming Read More →

The US dollar sustained its large gains against the yen and euro early on Friday, after the single currency plummeted yesterday following the European Central Bank's decision to extend its debt-buying program despite cutting the amount of purchases.

The Read More →

The 8 December ECB announced an extension of its quantitative easing programme (QE) beyond March 2017 as was expected, but at a slower pace of EUR 60bn per month (down from EUR 80bn).

While this was on the hawkish Read More →

Euro has held tight since the setback from the Italian referendum and Renzi’s announced intention to step down. Despite an inital knee-jerk sell off to 1.05 levels it quickly regained the lead against the USD for most of the current Read More →