Talking Points: – The ECB made no modifications to coverage at this morning’s price determination; they did improve forecasts for GDP progress whereas decreasing inflation expectations. – The Euro remained fairly robust all through the speed choice and press convention, seemingly pointing to the truth that markets are merely steering expectations for ‘less loose’ coverage […]
ECB holds charges; crude oil hits recent three-month high SOURCE: Commodities – Read complete story here.
The Euro might commerce broadly decrease towards its G10 FX counterparts if the ECB financial coverage announcement doesn’t sign the approaching unwinding of QE asset purchases. SOURCE: DailyFX – Forex Market News – Read complete story here.
What’s inside: Euro giant speculators shopping for strain wanes, might point out development exhaustion quickly Crude oil giant specs proceed to carry giant lengthy place regardless of restricted upside Charts of giant spec positions in different main currencies, markets Check out our New Trading Guides web page free of charge forecasts and academic content material. […]
ECB President Draghi’s speech at Jackson Hole didn’t explicitly do something to advertise a stronger Euro, nevertheless it definitely do something to dissuade it both. For now, plainly Euro power will probably be tolerated, at the least till the September ECB assembly. SOURCE: DailyFX – Forex Market News – Read whole story here.
To obtain Ilya’s evaluation instantly by way of e mail, please SIGN UP HERE Talking Points: EUR/USD Technical Strategy: Flat Euro posts largest achieve in 2 months vs US Dollar after Flag sample breakout Confirmation, improved danger/reward settings wanted for actionable commerce setup The Euro posted the most important every day achieve in two months […]
Oil costs rise as Hurricane Harvey heads for Texas SOURCE: Commodities – Read whole story here.
Asian markets combined, hurricane closes Hong Kong SOURCE: Commodities – Read complete story here.
Summary: The euro dropped again on account of fears over intervention of the strengthening single foreign money by Draghi. In the meantime, the greenback rallied. Jackson Hole convention is in focus, with scheduled speeches of the president of European Central Bank on Thursday night time and Fed chair Janet Yellen on Friday. The greenback rebounded […]
The Euro might shrug off the ZEW knowledge on investor confidence as all eyes focus on Friday’s speech from ECB President Draghi. The Yen might proceed to fall as danger urge for food companies. SOURCE: DailyFX – Forex Market News – Read whole story here.