Short-term analysis for oil, gold, and EURUSD for 05.06.2023

In April 2023, industrial producer prices fell by 3.2% in the euro area and by 2.9% in the EU, compared with March 2023, according to estimates from Eurostat, the statistical ...

tweet at 8:47am: SAUDI ENERGY MINISTER: THE SAUDIS ARE FED UP WITH OPEC MEMBERS NOT MEETING OIL OUTPUT GOALS. tweet at 8:47am: SAUDIS SEEK MORE OIL OUTPUT TRANSPARENCY FROM RUSSIA - ARABIYA.

It is a pleasure to be with you again today for our second regular hearing this year and immediately after celebrating the ECB’s 25th anniversary. I am delighted that several members of this Parliament were able to join the celebrations in Frankfurt a few days ago, reflecting the close and fruitful dialogue our institutions have always maintained. Since the ECB’s creation in 1998, members of its Executive Board have attended over 100 hearings before this Parliament. This engagement has been central to the ECB’s accountability and has contributed to the euro becoming a currency that our fellow citizens trust. Let us now turn our attention to the current matters at hand. Let me start by providing a brief overview of the economic outlook before going on to discuss our latest monetary policy decisions. tweet at 9:05am: ECB’s Lagarde: No Clear Evidence That Underlying Inflation Has Peaked tweet at 9:03am: ECB'S PRESIDENT LAGARDE: PRICE PRESSURES REMAIN STRONG. tweet at 9:05am: ECB'S PRESIDENT LAGARDE: THE FULL EFFECTS OF OUR MONETARY POLICY MEASURES ARE STARTING TO MATERIALISE. tweet at 9:07am: ECB'S PRESIDENT LAGARDE: FINANCIAL STABILITY HAS PROVED ROBUST SO FAR.