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Daily Market Review by Gerasimos Papagiannis from TrioMarkets

Discussion in 'Forex Daily News & Outlook' started by MickeyM, Sep 6, 2016.

  1. MickeyM

    MickeyM New Member

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    Market Overview:
    Markets continue to remain too quiet and await the next key driver which will give direction. Traders try to identify in which direction the major central bank monetary policy will move. ECB BOJ and Fed later this week and month will give a signal to the markets. Is very likely that ECB will not get further action the coming week despite the fact that different numbers show that the macroeconomic environment in Europe has lost momentum during the last month.


    Key points:

    · Japanese 10yr 0.00%

    · AUD/USD at pre-announcement levels after RBA kept rates unchanged at 1.50% as expected and sees continued weak inflation

    · Abe advisor Hamada says the BOJ should wait for the Fed

    · Brent oil strengthens on increased prospects of OPEC output freeze agreement

    · Eurozone QE bond buying passes €1tn mark


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