During today’s early trading session, Asian stocks traded slightly higher but with little movement as market spectators focused on the deal with Iran. the outline of the deal will limit the nation to nuclear power, thus a nuclear weapon. The Nikkei share average was up 0.63%, closing at 19,435 points.
The Euro rallied against the Dollar yesterday as traders looked back on comments made by ECB policy makers in their March meeting. Despite officials agreeing not to reduce stimulus measures, they pointed out that the economy is improving. Traders are now speculating less bond buying in the near future. Furthermore, the Dollar weakened against a basket of major currencies as traders are expecting the Federal Reserve to raise interest rates later than ever before. The EUR/USD is currently trading close to yesterday’s high of 1.089.
Traders are now awaiting the release of the Nonfarm Payrolls later today, analysts expect the number of people employed during the previous month would have risen by 245,000. Previous comments made by Fed Chair Janet Yellin indicated that a future interest rate hike will be based on an improving labour market, however, sentiment weighs over the delayed hike as Fed officials voiced concerns over the strong Dollar.
Trading volume is expected to remain thin today, as markets around the world are closed for Good Friday and Easter holidays.
Daily News April 3rd 2015
During today’s early trading session, Asian stocks traded slightly higher but with little movement as market spectators focused on the deal with Iran. the outline of the deal will limit the nation to nuclear power, thus a nuclear weapon. The Nikkei share average was up 0.63%, closing at 19,435 points.
The Euro rallied against the Dollar yesterday as traders looked back on comments made by ECB policy makers in their March meeting. Despite officials agreeing not to reduce stimulus measures, they pointed out that the economy is improving. Traders are now speculating less bond buying in the near future. Furthermore, the Dollar weakened against a basket of major currencies as traders are expecting the Federal Reserve to raise interest rates later than ever before. The EUR/USD is currently trading close to yesterday’s high of 1.089.
Traders are now awaiting the release of the Nonfarm Payrolls later today, analysts expect the number of people employed during the previous month would have risen by 245,000. Previous comments made by Fed Chair Janet Yellin indicated that a future interest rate hike will be based on an improving labour market, however, sentiment weighs over the delayed hike as Fed officials voiced concerns over the strong Dollar.
Trading volume is expected to remain thin today, as markets around the world are closed for Good Friday and Easter holidays.
Todays Main Events
13:30 -USD- Nonfarm Payrolls (Mar)
13:30 -USD- Participation Rate (Mar)
13:30 -USD- Private Nonfarm Payrolls (Mar)
13:30 -USD- Unemployment Rate (Mar)
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