EU Bullet Report |ECB Press Conference & Initial Jobless Claims To Dominate Market Attention

Traders on Thursday will have two big events to focus on. The ECB will hold its rate decision meeting followed by Mario Draghi’s press conference which also sparks volatility. And not long after from the US we will have initial jobless claim also. The US earnings calendar is packed full today.

  • Oil and GOLD: US weekly oil inventories surprised markets yesterday afternoon, helping oil prices to continue their artificial gains on the back of the Kuwait production strike.The unsuccessful DOHA meeting seems to be a thing of the past but not for long.WTI prices have surged to trade at 43.86 and Brent oil is headed towards the 46.00 price level.Goldlreverses its losses in the morning session trading at 1258.60 at time of writing .The uncertainty over US monetary policy, coupled with negative bond yields and the risk of deflation in Europe and Japan, has underpinned the strength of bullion.
  • Stocks: Risk appetite continues today with Nikkei trading up 2.70% at the time of writing. That follows strength in US where DJIA closed up 42.67 pts or 0.24% at 18096.27, at highest since last July.While the S&P 500 only added 0.1% overnight, the total return measure of the index broke to its highest level ever.The ASX finally closed above 5200 for the first time since 4 January, and the next key level in its sights if this momentum continues would be the 5300 level.
  • Currencies:Canadian dollar is leading other commodity currencies higher for the week. Meanwhile, Yen, Swiss Franc and Dollar are the weakest so far. But it should be noted that Euro is clearly lower against Dollar since yesterday as markets await ECB meeting.

The post EU Bullet Report |ECB Press Conference & Initial Jobless Claims To Dominate Market Attention appeared first on Forex.Info.

Source:: EU Bullet Report |ECB Press Conference & Initial Jobless Claims To Dominate Market Attention

About the Author
With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. [space height="20"] Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! [space height="20"] Welcome to the exciting world of trading. Welcome to easyMarkets.

Related Posts

Leave a Reply

*