Forex Euro Faces ECB and EU Summit Oil Drops

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Forex Euro Faces ECB and EU Summit Oil Drops like USD, by FxPremiere Live Forex News sent out daily for major currency pairs including Gold and US Oil.

Forex Euro Faces ECB and EU Summit Oil Drops

Worldwide Forex Euro Faces ECB and EU Summit Oil Drops like USD News released today alongside EUR/USD and Japanese Yen.

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Talking Points today by FxPremiere:

A surge in ADP payrolls in the US pushed expectations of a March 15 FOMC hike to 99%, but the US Dollar settled it off.
US Oil was the biggest mover with a sharp drop that broke a three-month range.
Top event risk ahead rests with the Euro and ECB rate decision according EU Summit. Forex Euro Faces ECB and EU Summit Oil Drops like USD.

This past session saw its greatest move from US crude. Oil prices took a bad drop for it being their largest since its decline in July 2016.

Forex Euro Faces ECB and EU Summit, Oil Drops like USDEUR/USD NEWS

European Central Bank (ECB) to Stick to Zero-Interest Rate Policy (ZIRP), QE Program.

Governing Council Keep the Door Open to Further Extend Its Asset-Purchases. | Forex Euro Faces ECB and EU Summit Oil Drops like USD.

ECB new market reaction as President M Draghi expect to retain the current policy, but the fresh part of central bank sparks near-term winding for the Euro with Governing Council showing a greater willingness to further easing-cycle extent.

Forex Euro Faces ECB and EU Summit, Oil Drops like USD

This Events Importance: As ECB is on course to reduce its its asset-purchases to EUR 62B/ month starting in April 2017. the Governing Council will continue to strike a dovish outlook for monetary policy. With the central bank may increase its efforts to cover up and make use of the non-standard measures beyond December 2017.

Live Forex News

Expectations: Bearish Scenario

ReleaseExpectedActual
Retail Sales (MoM) (JAN)

0.4%

-0.11%

Consumer Price Index Core (YoY) (FEB A)

0.10%

0.11%

Gross Domestic Product s.a. (YoY) (4Q P)

1.9%

1.68%

Risk: Bullish Scenario

ReleaseExpectedActual
Sentix Investor Confidence (MAR)

18.7

20.3

Producer Price Index (YoY) (JAN)

3.5%

3.7%

M3 Money Supply (YoY) (NOV)

4.3%

4.9%

Global ECB may cover up expectations for monetary support with key factor metrics suggesting ‘the economic recovery was getting stronger’.

EUR/USD Daily

After the deadline for (QE) programme at the last meeting for 2016, the ECB largely gave credit to future approach for monetary policy, with President M Draghi keeping the door open to further adjust its non-standard measures.

Trading EUR/USD ?

 

Forex Euro Faces ECB and EU Summit, Oil Drops like USDLive Forex Signals – The stream of FX news has been particularly odd, with moves exacerbated amid low liquidity. EUR/USD has spent the last few hours in a range above 1.0503 and it was last trading at 1.0551, up 0.70% on the day for Forex Signals EUR/USD Forex News. You can also use a forex signal service — like provided at FxPremiere — to give you a little extra knowledge and direction with trading this pair.

Try reading: The Most Traded Currency Pairs in the Forex Market

Reading: Why Forex Trading is Ever-Growing in Popularity

Join FxPremiere.com for FOREX SIGNALS SERVICES including Live Forex News | Forex Learning division. EUR/USD cannot be plausibly affected by the actions of trading, so this is a nonissue; the currency pair is simply too large and too liquid to be impacted by significant changes. This makes it far more stable than niche or exotic currency pairs, which can be inadvertently manipulated by the market. Beginners may want to restrict themselves to trading via forex signals until they have enough analytical knowledge to understand the differences between pairs and are able to determine the best currency pairs for their trading psychology.

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