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Draghi Comments from Thursday Continue Drive the EUR Lower. Risk-off Weekend
|Draghi Comments from Thursday Continue Drive the EUR Lower. Risk-off Weekend|
May 9, 2014 09:30 gmt
CA- Employment, US- Wholesale Inventories, COT Report
| EURUSD 1.3808
|| U.S. 2.61% 0bp
|| North America: Higher|
| EURJPY 140.51
|| Bund 1.45% -2bp
|| DAX: Lower|
| GBPUSD 1.6904
|| GILT 2.66% +1bp
|| FTSE: Higher|
| USDJPY 101.75
|| JGB 0.61% +1bp
|| Far East Close: Mixed|
HIGH IMPACT NEWS ITEMS: CA- Employment
- It might be too early to say this, but ECB President Draghi could have turned the tide on the EURUSD pair with his comments Thursday indicating the problems that a strong currency generates in a low-inflation environment. We will see.
- Chinese April CPI fell to 1.80% yy from 2.40% in March. Th data provide the the PBOC with room to further weaken the CNY to stimulate growth.. Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
- Canadian April Employment data are due on the North American open. Otherwise, dealers will be taking a defensive posture ahead of the weekend and more Ukraine uncertainties.
- Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released. See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
FX Trade Talk: What's moving markets-- Expert Commentary, data. and data charts posted continuously on FOREX FORUM
John M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
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