Friday , 20 September 2024
Home Forex ForexLive European FX news wrap: Markets pensive awaiting ECB, US weekly jobless claims
Forex

ForexLive European FX news wrap: Markets pensive awaiting ECB, US weekly jobless claims

Headlines:

Markets:

  • CHF leads, NZD lags on the day
  • European equities higher; S&P 500 futures flat
  • US 10-year yields up 2.1 bps to 4.310%
  • Gold up 0.2% to $2,359.29
  • WTI crude up 0.9% to $74.75
  • Bitcoin down 0.2% to $71,020

It was a slower session in general as market players are waiting on the bigger events later today. The ECB policy decision and US weekly jobless claims are in focus, so that is keeping markets in a more pensive mood.

In FX, the dollar is keeping steadier amid some light pushing and pulling. EUR/USD is lightly changed at 1.0865 while USD/JPY is also flattish at around 156.15 on the day currently. This comes as equities are also holding a more pensive mood with US futures more subdued after yesterday’s gains in Wall Street.

Bond yields are a little higher on the day but there is the ECB still to come, alongside US data later.

There weren’t much notable headlines as well, with only BOJ governor Ueda pretty much reaffirming that the central bank will taper bond purchases this month. Besides that, euro area data was less than ideal but nothing that will put off the ECB from cutting rates later.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

China’s electricity consumption rose 8.9% year on year in August

China's power consumption is regularly used as a gauge of economic activity.It...

RBA meting next week – preview – to leave the cash rate on hold at 4.35%

Reuters poll of economists on what they expect from the Reserve Bank...

Bank of Japan leaves rates unchanged, as widely expected

Bank of Japan current short-term rate is 0.25% Japan's economy recovering moderately,...

European Central Bank President Lagarde speaking Friday

1500 GMT / 1100 US Eastern time2024 Michel Camdessus Central Banking Lecture...