ADP NFP came out great the other day.. whats coming is NFP which matched ADP NFP 60-64 % of the time.. Also Hourly wages is expected it be great. if unemployment ticks up get out & get ready 4 next week
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As per MNI reports, the ECB governing council members have no policy consensus beyond deposit rate cut.
this is what recently come out that caused Euro 2 go up. im still short despite me being down 30 pips.. but ill b4 the day ends if Usd has good news. The ECB members favor 10 bps rate cut and are concerned the actions may not meet market expectations.
Markets have been speculating about the possibility of a more than 10bps rate cut and even an expansion in the QE program. Reuters poll this week showed a 10bps deposit rate cut is done deal and a 60% probability of an expansion in the size of the QE program (EUR 10 billion-30 billion).
www.fxstreet.co...ws/article.aspx?storyid=97...
this is what recently come out that caused Euro 2 go up. im still short despite me being down 30 pips.. but ill b4 the day ends if Usd has good news. The ECB members favor 10 bps rate cut and are concerned the actions may not meet market expectations.
Markets have been speculating about the possibility of a more than 10bps rate cut and even an expansion in the QE program. Reuters poll this week showed a 10bps deposit rate cut is done deal and a 60% probability of an expansion in the size of the QE program (EUR 10 billion-30 billion).
www.fxstreet.co...ws/article.aspx?storyid=97...