Trading news

EUR Surges on Hawkish ECB Minutes, USD Tumbles on Disappointing Data; US CPIs in Focus

The common currency enjoyed massive gains yesterday after the minutes of the latest ECB meeting revealed that policymakers could revisit their forward guidance and language on policy soon, while the US dollar suffered after the release of the PPI and initial jobless claims data.
ECB meeting minutes wake up EUR-bulls
The euro outperformed all the other G10 currencies yesterday after the release of the ECB minutes. The biggest losers were USD, AUD and CAD in that order.

The minutes of the latest ECB minutes were surprisingly hawkish, revealing that the forward guidance and the language around policy could be revisited in early 2018. Following remarks from several ECB officials that they see a chance for the QE program to end in September, the minutes bolstered further market expectations that something like that may actually take flesh as this was probably seen as a formal message. Remember that in the statements accompanying its latest meetings, even the December one, the Bank has noted that asset purchases will continue until September, or beyond if needed.

Read the full financial markets daily report on JFD Research.


JFD Brokers Review

Friday, 12 Jan, 2018 / 8:24

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Dollar Settles Near a Three-Year Low

USD On Friday, the Greenback settled near a three-year low vs. a basket of [...]

Posted on Friday, 19 Jan, 2018 / 3:05 under ICM Capital Review

Shutdown is hyped; Oil plateaus?

Government shutdown hype By Peter Rosenstreich Fears that the US federal [...]

Posted on Friday, 19 Jan, 2018 / 12:32 under Swissquote Bank Review

US House Passes a Short-term Spending Bill, Torch Passed to Senate; Germany’s SPD votes on Coalition

Today is the deadline for the US Congress to find a solution in order to avoid [...]

Posted on Friday, 19 Jan, 2018 / 8:37 under JFD Brokers Review