European Central Bank in focus

Nikkei is up today +0,8% to 15,071,88. It`s up because of the news from China which is taking steps to stimulate its economy. All this because they want to reach their goal of the growth at 7,5% in GDP.

ECB

The dollar hit a 10-week high to the yen. Rising up after solid U.S economic data. Investors in the Euro zone are waiting for ECB news and the markets are flat so far today. The ECB will announce its interest rate decision today at 11:45 GMT.

Mario Draghi will talk about any further policy decisions at the conference at 12:30 GMT today. It is expected to see ECB keep the rates steady and offer no new aid to the euro zone`s fragile recovery.

As I wrote about yesterday; the inflation in the Euro zone is dangerously low, but despite the lowest inflation in more than four years, they will probably wait for some action now. It seems like the U.S markets will open up today.

Gold is declining as the investors are waiting for the ECB news. Because of the incumbent macro events, the gold prices is continue to fall. New reports from U.S jobs numbers comes tomorrow too. That will be a final sign to see that the economy is on the recovery path.

Reports today:

08:30 a.m EST ECB Press Conference
08:30 a.m EST Trade Balance
08:30 a.m EST Unemployment claims
10:00 a.m EST ECB President Draghi Speaks
10:00 a.m EST ISM Non-Manufacturing PMI

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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