empty
 
 
04.09.2015 11:43 AM
Global macro overview for 04/09/2015

Global macro overview 04/09/2015:

Yesterday's ECBs decision on the interest rate (to maintain it at 0.05%), deposit facility rate (-0.20%), and marginal lending facility (0.3%) did not surprise market participants. Another decision to increase the issue share limit on securities to 33% from 25% wasn't priced in as a rather possible and unavoidable result of the current ECB's monetary policy, so this news together with dovish comments of Mario Draghi was the main reason behind the general weakness in the euro. Moreover, as indicated yesterday, Mario Draghi mentioned that the asset-purchase size and timeline might be extended beyond September 2016 if necessary.

Today's major event is the NFP number release scheduled for 12:30 GMT. The market expectations are at the level of 215k and any number better then this might cause further EUR/USD sell-offs .

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback