wynnasuju
Banned spammer for FBS.com
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September 6: forex news
Thursday, September 6, 2012 - 06:11
EUR/USD has been trading between $1.2470 and $1.2625 since August 23. The market’s waiting for the ECB meeting and its mood swings between optimism and cautiousness. Today the former dominated during the Asian trade after a leaked report from Bloomberg unveiled the central bank is to announce unlimited, sterilized buying of bonds with maturities less than 3 years. According to a member of Angela Merkel’s party, the Chancellor told lawmakers yesterday she can accept temporary ECB bond buying.
Some analysts say that now there isn’t anything the ECB may surprise the markets with. In their view, the market will be instead focused on ADP employment report, unemployment claims and the ISM non-manufacturing index released in the US in the evening ahead of the NFP figures coming on Friday.
Bank of England also meets today, though it’s not in the highlight. The BoE is expected to keep its monetary policy unchanged for now – benchmark rate at 0.50% and asset purchase program at 375 billion pounds ($584 billion). There may be more QE when the current program is completed in November. GBP/USD is trying to hold above $1.5900.
AUD/USD rallied from almost a 7-week minimum around $1.0160 as unemployment unexpectedly fell in August (Actual: 5.1%; cons.: 5.3%; prev.: 5.2%). USD/JPY is trading sideways, though moving up very gradually, still below resistance of 78.45. USD/CAD managed to rise above 0.9900 but was capped by the resistance at 0.9915.
September 6: forex news // FBS Markets Inc.
Thursday, September 6, 2012 - 06:11
EUR/USD has been trading between $1.2470 and $1.2625 since August 23. The market’s waiting for the ECB meeting and its mood swings between optimism and cautiousness. Today the former dominated during the Asian trade after a leaked report from Bloomberg unveiled the central bank is to announce unlimited, sterilized buying of bonds with maturities less than 3 years. According to a member of Angela Merkel’s party, the Chancellor told lawmakers yesterday she can accept temporary ECB bond buying.
Some analysts say that now there isn’t anything the ECB may surprise the markets with. In their view, the market will be instead focused on ADP employment report, unemployment claims and the ISM non-manufacturing index released in the US in the evening ahead of the NFP figures coming on Friday.
Bank of England also meets today, though it’s not in the highlight. The BoE is expected to keep its monetary policy unchanged for now – benchmark rate at 0.50% and asset purchase program at 375 billion pounds ($584 billion). There may be more QE when the current program is completed in November. GBP/USD is trying to hold above $1.5900.
AUD/USD rallied from almost a 7-week minimum around $1.0160 as unemployment unexpectedly fell in August (Actual: 5.1%; cons.: 5.3%; prev.: 5.2%). USD/JPY is trading sideways, though moving up very gradually, still below resistance of 78.45. USD/CAD managed to rise above 0.9900 but was capped by the resistance at 0.9915.
September 6: forex news // FBS Markets Inc.