ecb
The ECB decided to hike by 25 basis points despite indications of a weakening economy in the region. Following today’s move, the ECB's main refinancing operations, along with the interest rates on the marginal lending facility and the deposit facility, have now reached 4.50%, 4.75%, and 4.00%, respectively. "Inflation continues to decline but is still expected to remain too high for too long," the ECB said in a statement. "The rate increase today reflects the Governing Council’s assessment of the inflation outlook in light of the incoming economic and financial data, the dynamics of underlying...
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The U.S. dollar is on its way to close in the green territory on a weekly basis for the first time since the first half of July as traders increase their bets that the Fed may keep higher interest rates for longer. EUR/USD was trading higher earlier this week, eventually hitting a two-week high on Wednesday following the release of data showing that U.S. private payrolls increased less than expected in August. Still, the greenback strengthened on Thursday despite some level of optimism that the U.S. central bank is near concluding its tightening cycle. Overall, EUR/USD traded mostly range-boun...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. More ECB HikesWhile the Fed is nearing the end of its rate hikes, it is perceived that the European Central Bank (ECB) will continue to raise key interest rates to 4% by September. The Financial Times issued an opinion piece criticizing “American exceptionalism” and pointed out that a soaring budget deficit is making the U.S. one of the most fiscally irresponsible nations. Specifically, FT pointed out that during the pandemic that the U.S. budget deficit tripled to more than 10% of GDP. FT is critica...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. ECB PauseThe big central bank news this week was that the European Central Bank (ECB) announced a 50 basis point key interest rate hike on Thursday, so its key deposit rate is now 3%, up from 2.5%. The ECB had been signaling this 50 basis point key interest rate hike for weeks. Q4 2022 hedge fund letters, conferences and more However, in the ECB statement, the statement to keep “raising interest rates significantly at a steady pace” was removed, so it is possible that the ECB is nearing the end of th...
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The Bank of England is on the horns of a dilemma as the UK economy continues to struggle with double digit inflation, although it may not be as bad as was thought at the end of 2022. Analysts are predicting interest rate moves of between 25 and 50 basis points when the BoE and ECB meet separately on 2 February – but will it be what we expect? Q4 2022 hedge fund letters, conferences and more There will be the usual concerns about the impact on mortgage costs from another 50bps move. 5-year gilt yields have barely moved since the lows set back in November, although 2-year yields are currently hi...
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In hisDaily Market Notes report to investors, while commenting on the ECB following the Fed, Louis Navellier wrote: No Relief Until SeptemberWhat’s going on today in the market is a natural oscillation. The energy stocks and the shipping stocks are down in the last couple of days but today they’re up sharply. So money is not leaving the market. It’s just moving around. That’s good and that’s what you want to see. I’m not surprised the market is consolidating because the last couple of days were pretty strong. Q4 2021 hedge fund letters, conferences and more There are some significant things go...
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In hisDaily Market Notes report to investors, while commenting on higher energy prices, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more A Memorable WeekThis is going to be a memorable week since it is the week that we will remember that inflation spun out of control due to higher energy prices. The best way to get relief from higher energy prices is for worldwide economic growth to decelerate. Fortunately, China’s proportion of global GDP has leveled off somewhat at 15.66% in 2021 and is only forecasted to grow to 16.47% in 2022. China’s abrupt GDP deceleration in the w...
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While the greenback‘s failed breakout on Nov. 4 may seem bearish, it faced a similar situation in August and October, only to recover and achieve new highs. Q3 2021 hedge fund letters, conferences and more The USD Index Responds Negatively To The ECB's PolicyAfter the USD Index’s negative response to the ECB’s monetary policy meeting on Oct. 28, I warned on Oct. 29 that dollar bears were unlikely to celebrate for much longer. I wrote: Based on the rather random comment during the conference, the traders panicked and bought the EUR/USD, which triggered declines in the USD Index (after all, the ...
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In hisDaily Market Notes report to investors, while commenting on the FOMC statement, Louis Navellier wrote: [soros] Q3 2021 hedge fund letters, conferences and more MIA LeadersThe G20 meeting was held in Rome last weekend, but China’s President Xi Jinping, Russia’s President Vladimir Putin, and Japan’s Prime Minister Fumio Kishida were all absent. The fact that Chinese President Xi was absent signals that China’s domestic problems are very serious – and China does not like to be criticized by any other nation. Before leaving for Italy, President Joe Biden thought he had the framework on a new...
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In hisDaily Market Notes report to investors, while commenting on the wholesale inflation in China, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more The Big One?A "big" correction in the present low-volatility context is probably somewhere around 10%, or what we saw in the S&P 500 in September and October last year. We have gone without a 5% correction since then, and the selloffs after Election Day have stopped just below the S&P 500’s 50-day moving average. As things stand now, barring mutations, wars or counter-productive Fed actions, a likely target for a big correct...
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