All eyes are on Mario Draghi. Will he lay out the beginning of the end of the QE program? Speculation has been rife about the possibilities and the attempts he might make to talk down the euro. Preivew: ECB Preview: Low expectations could send the euro shooting higher Highlights We will make a decision in […]
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The European Central Bank left its policy unchanged. In the accompanying short statement, they maintained their usual phrase about QE: it will continue through 2017 or beyond if necessary. The main lending rate remains at 0% and the deposit rate at -0.40%. No changes were expected to rates. EUR/USD holds onto the levels it climbed […]
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The US dollar is slipping against both its major peers, the euro and the yen. What’s next? The team at Nomura sees further weakness. Here is their view, courtesy of eFXnews: Nomura FX Strategy Research continues to believe that the broad trend in the USD will be lower. Nomura outlines 3 key reasons behind this view. “1- The […]
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Cryptocurrencies (aka Cryptos) are quickly turning into a global phenomenon. While the concept is still fairly new to most people, crypto exchanges are becoming hugely popular, all with their hard-to-resist offerings. However enticing, it is still difficult to know how crypto exchanges are defined and treated by regulators. Is cryptocurrency a currency or a piece […]
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Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth. The US […]
The post Non-Farm Payrolls 156K for August 2017; wages +0.1% m/m — USD slides appeared first on Forex Crunch.