Traders Hesitant Ahead of ECB Press Conference
November 6, 2014 12:10 pmVideo
Latest News
- Analysis of EUR/USD pair on May 31st. EU inflation supports the euro May 31, 2024
- Analysis of GBP/USD pair on May 31st. The PCE index also works against the dollar May 31, 2024
- USD/JPY: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- Technical Analysis – US 100 stock index might lose more in short-term May 31, 2024
- EUR/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: trading plan for the US session on May 31st (analysis of morning deals). The pound was bought in the area of 1.2706 May 31, 2024
- EUR/USD: trading plan for the US session on May 31st (analysis of morning deals). The euro continued to grow May 31, 2024
- EUR/USD. May 31st. The economic data stopped the bears again May 31, 2024
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
November 6, 2014 – Indices News
U.S stocks climbed and reached new levels once again. Markets were boosted by data and political events. The ADP Nonfarm Employment Change which acts as pre NFP data came out at 230,000, higher than the expected 220,000. As a piece of labour data, this led to speculation that the NFP figure on Friday will also be positive. In the political forum, midterm election results were released and showed that Republicans gained a majority in the Senate. At session close the S&P 500 was 0.57% higher at 2,023.57. The Dow Jones was 0.58% at 17,484.53.
Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5. However, the index finished 0.86%lower following the meeting minutes from the Bank of Japan. It was reported that members were worried that inflation could move below 1% due to the decline in energy prices. A potential slowdown in consumer spending was also discussed and both developments helped to explain why a surprise decision was made to increase stimulus last week. The Hang Seng lost 0.2% pushed by losses in casino and financial shares.
European markets are mixed today as traders turn hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced. Nevertheless, the minutes are predicted to be dovish. The FTSE 100 is currently down 0.14% after a mix of data including the interest rate decision which was maintained at 0.5%. Halifax House Price Index data disappointed the market dropping 0.4%, when originally expected to climb 0.4%. The CAC 40 is currently up 0.05% and the DAX is currently up 0.24%.
Related Posts: