Forex.ee Analytics
Forex.ee Representative
- Messages
- 562
Daily economic digest from Forex.ee
Stay informed of the key economic events
Wednesday, March 8th
The EUR/USD pair extends its bearish slide for the third session in a row, refreshing this week’s lows at 1.0551 spot, in wake of broadly higher the US dollar. However, any sharp movements are unlikely today, as cautious sentiments are gathering pace in wake of upcoming ECB Interest Rate Decision, that is due tomorrow. On the other hand, expectedly that the ECB will leave its rate unchanged, while probability of March Fed rate hike has increased up to 90%. Such divergence between Fed’s and ECB’s monetary policies is additionally weighing the pair. Moreover, recent opinion polls in France showed that far-right candidate Marine Le Pen continues to hold leading positions in presidential elections, thereby intensifying concerns around the EUR. Today traders’ attention will be focused on ADP Nonfarm Employment Change, while USD price dynamics and developments surrounding French elections will continue to drive the pair this Wednesday.
Click here to see all current market developments.
The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!
Your European ECN-broker,
Forex.ee
Stay informed of the key economic events
Wednesday, March 8th
The EUR/USD pair extends its bearish slide for the third session in a row, refreshing this week’s lows at 1.0551 spot, in wake of broadly higher the US dollar. However, any sharp movements are unlikely today, as cautious sentiments are gathering pace in wake of upcoming ECB Interest Rate Decision, that is due tomorrow. On the other hand, expectedly that the ECB will leave its rate unchanged, while probability of March Fed rate hike has increased up to 90%. Such divergence between Fed’s and ECB’s monetary policies is additionally weighing the pair. Moreover, recent opinion polls in France showed that far-right candidate Marine Le Pen continues to hold leading positions in presidential elections, thereby intensifying concerns around the EUR. Today traders’ attention will be focused on ADP Nonfarm Employment Change, while USD price dynamics and developments surrounding French elections will continue to drive the pair this Wednesday.
Click here to see all current market developments.
The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!
Your European ECN-broker,
Forex.ee