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29 May 2017

Draghi speech: There are some signs of pickup in inflation

Following his introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, ECB President Draghi is responding to questions, with the key quotes found below:

  • We're beginning to see some early signs of a pickup in consumer inflation as well as PPI
  • It's very early to think that we're going to change monetary policy stance based on these early inflation signs
  • Wage growth is still subdued
May 29, 2017

EUR/GBP flirting with lows near 0.8700 handle post Draghi

The EUR/GBP cross failed to build on early European session tepid recovery move and hangs closer to to session lows near the 0.8700 handle post Draghi
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May 29, 2017

Gold sits near 4-week tops around $1,265

The ounce troy of the precious metal is trading on the defensive at the beginning of the week, now returning to the $1,265 region after probing highs
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