OctaFX | OctaFX Forex Broker
Open trading account

Soft Eurozone inflation figures reinforces aggressive easing speculations - BBH

FXStreet (Delhi) – Research Team at BBH, suggests that the softer than expected preliminary EMU inflation figures encourages expectations for the more aggressive range of actions by the ECB tomorrow.

Key Quotes

“Draghi has claimed that movement toward the inflation target was too slow. Today's data showed a 0.1% increase year-over-year in the headline rate. The market had anticipated a 0.2% increase. Although the ECB targets headline inflation, it clearly also tracks core inflation. Core price increases slowed to 0.9% from 1.1%.”

US: Weaker ISM data will have little influence on the Fed - MUFG

Derek Halpenny, European Head of GMR at MUFG, notes that the US ISM manufacturing index fell below the 50.0 level yesterday, raising concerns over the health of the US economy as we approach the key FOMC meeting on 16th December.
Read more Previous

Fresh lows for GBP/USD ahead of US ADP report

The GBP/USD fell to a fresh session low of 1.5024 levels ahead of the monthly private sector employment report in the US.
Read more Next
Start livechat