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Expects to reach inflation goal at the end of next year Just some token remarks there by Nagel. It just reaffirms the path that the ECB is on at the moment. This article was written by Justin Low at www.forexlive.com.

There is arguably just one to take note of on the day, as highlighted in bold. That being for AUD/USD at the 0.6740 level. It isn’t one that holds much technical significance though, so there might not be much in it. But if anything else, the expiries could…

German DAX futures +0.4%French CAC 40 futures +0.2%UK FTSE futures flat This follows from the gains yesterday and also the positive showing in Wall Street overnight. S&P 500 futures are lightly changed on the day though, so we’re not seeing the optimism get too carried away just yet.…

ECB rate cuts are supportive of growthCurrent uncertainties emphasise the dependence on fresh data on the economyWill base decisions on assessment of inflation outlook, dynamics of core inflation, and also the strength of monetary policy transmission To sum up, he’s just saying that the ECB is on the…

The only highlight in the European session will be the Industrial Production data, which is rarely a market moving release though. The main event for today will be the University of Michigan Consumer Sentiment report but it’s unlikely to change anything in terms of market pricing unless we…

We are not committed to any predetermined rate path.Inflation to be largely steered by core and services. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Prior +2.3%HICP +2.2% vs +2.2% y/y prelimPrior +2.7% Headline prices are showing a slowdown compared to July. However, core annual inflation did tick up a little from 1.5% in the previous month to 1.7% in August. But at these levels, the ECB can feel comfortable about it as…

Will raise the retirement age for men to 63 – effective January 1, 2025.Will raise retirement age for white collar female workers to 58 – effective January 1, 2025.Will raise retirement age for blue collar female workers to 55 – effective January 1, 2025.From January 2030 the minimum…