You are here: Home > articles > Forex > US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next
US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next
April 12, 2018 11:26 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
Here are the latest developments in global markets:
Day Ahead: ECB meeting minutes pending; US releases jobless claims
The main economic event later today will be the release of the European Central Bank (ECB) monetary policy accounts from the March 7-8 meeting (1130 GMT). At that meeting, the central bank kept its monetary strategy unchanged as was widely anticipated but dropped out of the statement its easing bias that officials stand ready to increase QE in terms of size and duration if the outlook becomes less favorable. The central bank has already taken some steps to reduce record stimulus by lowering the amount of monthly asset purchases, while recent headlines indicated that policymakers have shifted focus to interest rates as well, with ECB council member Ewald Nowotny saying a few days ago that the ECB could raise deposit rates by as much as 20bps when the rate hike process starts. However, an ECB spokesman played down this view afterwards. In forex markets, the euro could take a boost if the minutes prove hawkish, but if they disappoint the common currency could head lower.
Out of the US, initial jobless claims will come out at 1230 GMT and expectations are for the measure to drop to 231k in the week ending April 6 from 242k in the preceding week. Moreover, data on import and export prices for March will be published at the same time.
In Canada, investors will take a look at the new housing price index for the month of February at 1230 GMT.
As of today’s public appearances, ECB Executive Board member Benoit Coeure will be delivering remarks at 1215 GMT that will be closely monitored by investors after the release of meeting minutes. Comments by ECB Vice President Vitor Constancio and Bundesbank President Jens Weidman will follow at 1400 GMT.
Asset manager BlackRock is among companies releasing quarterly results on Thursday.
Moreover, any developments on global trade can spur positioning in equity markets; China’s commerce ministry said today that trade talks would be impossible as Washington’s attempts at dialogue were not sincere.
Related Posts: