Major trading ranges that have been holding for more than a year have got broken with USD weakness continuing across the board. The trigger seems to have been the compromise struck by the EU leaders on the EU recovery plan. Consensus on the recovery plan albeit after lengthy and intense discussions

EU recovery fund and the EU budget is positive for the CEE region with the EU transfers into CEE in the 2021-27 period rising vs the prior budget. As the new EU wide funding means lower downside risks to the CEE key export market and higher odds of a synchronised EU recovery, this is clearly a posit

Photo: Reuters FRANKFURT (Reuters) - The European Central Bank (ECB) rolled out yet more stimulus measures on Thursday to lift the currency bloc out of a double-dip recession and provide support to the economy while its 350 million people wait for coronavirus vaccines to be deployed. With many busin

欧盟领导人再次前往布鲁塞尔峰会，这次同行的还有其他欧元区成员国。这是一次正式的、一年两次的会议，与本月初举行的欧盟特别峰会不同。这次会议在很多方面意义重大，尤其是在英国脱欧方面。英国自行设定了在10月15日开始的会议上达成脱离协议的最后期限。表面上的原因是这样一个协议需要所有欧盟领导人的投票通过。当然，这次峰会将是一个方便的机会。欧盟也希望利用这些峰会的机会。不一样的位置欧盟乐于等到今年年底才达成协议。12月31日是谈判正式到期的时候，双方都承诺不会再延长。不过他们在上一次的延长之前也都有过类似表态。英国辩称，他们非常乐意与欧盟在类似与澳大利亚的协议基础上达成自由贸易协定。从技术上讲，英国当然

EU leaders reach agreement on recovery fund, 7-year budget. After the second longest summit on record EU leaders managed to find a complex compromise on the EUR 750 bln pandemic recovery fund and the next seven year budget, which together amount to an unprecedented EUR 1.82 trillion. That these disc

The MajorsIt was another bullish start to the week for the European majors on Tuesday, with the DAX30 rising by 0.96% to lead the way. The CAC40 and EuroStoxx600 ended the day with gains of 0.22% and 0.32% respectively.There were no major stats out of the Eurozone or the U.S to distract the majors f

French Finance Minister Bruno Le Maire was on the wires in the last minutes, via Reuters, expressing his content on reaching a good European Union (EU) Recovery Fund deal. Key quotes “EU Summit deal is a good deal.” “EU Summit deal marks the birth of a new Europe. “ “EU Summit deal will result in a

Monday’s risk-on rally in the US equities, in the wake of the optimism over the coronavirus vaccine and a breakthrough at the European Union (EU) Summit, downed the US dollar and benefited gold (XAU/USD). The yellow metal has turned the $1818.28 resistance into a support and is now testing nine-year

After struggling three straight days to reach an agreement over the long-term budget and the coronavirus recovery fund, the European Council President urge the leaders to make the one last push and break the deadlock on the ‘mission impossible.” Michel said: “My hope is that we reach an agreement an