Today’s
session could break the recent market boredom, especially due to the
vast amount of data being released. The two major events are going to
be the ECB’s interest rate decision and the
employment figures from the U.S. While the decision itself is going to
be an important one, something that could affect the Euro crosses, most
investors will scrutinize the ECB’s statement that will explain how
they plan to deal with their economy’s problems. Last time round the
ECB failed to present any major statement sticking to his previous
comments, regarding bond purchasing. One must note that since the ECB’s
last meeting certain sectors in the economy have shown mild
improvement, which could yet again lean Trichet to a more subtle
speech.
Over in the U.S, the unemployment rate is
expected to reach a whopping 9.6%, after presenting a 9.4% result last
month. Many are questioning the impact of this result, wondering if the
volatility will manage to break the indices and currency pairs out of
range, or whether the movements will only be a 1 minute thing,
especially as the 9.6% figure is already baked into the market’s price.
As
stated in numerous reports the markets are still holding around current
levels, even when analysts are now predicting double digit numbers.
With a 25 year high unemployment rate and continuing problems in the
economy, it will be interesting to see if further job losses will have
a negative impact this time round. One must note that should the result
diverge dramatically from the expected it could send investors back
into safe-haven assets.
Read the full article at dodjit.com
session could break the recent market boredom, especially due to the
vast amount of data being released. The two major events are going to
be the ECB’s interest rate decision and the
employment figures from the U.S. While the decision itself is going to
be an important one, something that could affect the Euro crosses, most
investors will scrutinize the ECB’s statement that will explain how
they plan to deal with their economy’s problems. Last time round the
ECB failed to present any major statement sticking to his previous
comments, regarding bond purchasing. One must note that since the ECB’s
last meeting certain sectors in the economy have shown mild
improvement, which could yet again lean Trichet to a more subtle
speech.
Over in the U.S, the unemployment rate is
expected to reach a whopping 9.6%, after presenting a 9.4% result last
month. Many are questioning the impact of this result, wondering if the
volatility will manage to break the indices and currency pairs out of
range, or whether the movements will only be a 1 minute thing,
especially as the 9.6% figure is already baked into the market’s price.
As
stated in numerous reports the markets are still holding around current
levels, even when analysts are now predicting double digit numbers.
With a 25 year high unemployment rate and continuing problems in the
economy, it will be interesting to see if further job losses will have
a negative impact this time round. One must note that should the result
diverge dramatically from the expected it could send investors back
into safe-haven assets.
Read the full article at dodjit.com
