The post-European Central Bank (ECB) advance ran into fresh headwinds off the 1.11 handle Friday, withdrawing to a low of 1.1061 into the closing bell. Retail sales data out of the US favoured the greenback and sent US yields further to the upside.
The European Central Bank (ECB) went above and beyond on Thursday in rolling out an enormous stimulus package. The central bank unveiled fresh stimulus measures to bolster the eurozone,
Please find our updated Trading schedule for the Mid-Autumn Festival on 13th September 2019. Times mentioned below are Platform time (GMT +3).
Key risk events today: Europe Main Refinancing Rate and Monetary Policy Statement; ECB Press Conference; US CPI m/m and Core CPI m/m. EUR/USD: Firmer-than-forecast US PPI contributed to the buck’s advance Wednesday, though the dollar index largely broke higher on the back of pronounced euro weakness ahead of today’s ECB policy decisions and President Draghi’s … Continue reading Thursday 12th September: Euro tests 1.10 ahead of ECB policy decisions and President Draghi’s press conference.
Key risk events today: US Core PPI m/m; US PPI m/m; Crude Oil Inventories. EUR/USD: Trading volume remained light Tuesday, confined within the previous range. The US dollar index is somewhat firmer, though was also within Monday’s trading range, with desks attributing the limited bouts of upside to risk aversion, as stocks turned lower. Considering … Continue reading Wednesday 11th September: Dollar index hovering north of weekly support ahead of PPI data.
