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4 Sep 2015
Global FX market sentiment and highlight - Westpac
FXStreet (Delhi) – Imre Speizer, Research Analyst at Westpac, notes that the US payrolls will be the highlight in today’s session after the ECB left its policy unchanged yesterday.
Key Quotes
“The EUR fell sharply and the USD rose after the ECB meeting. Draghi announced an increase in the share limit for individual bonds to be purchased, growth and inflation forecasts were downgraded, and forward guidance allowed for an extension of QE beyond September 2016.”
“The US dollar index rose to a two-week high following the ECB. EUR fell from 1.1240 to 1.1090.”
“The ECB left policy unchanged but downgraded its growth forecasts by 0.2ppts and its HICP inflation forecasts by 0.4ppts. The share limit on ownership of any single bond was raised from 25% to 33%, reassuring markets the ECB can fulfil its current QE objectives as well creating the capacity for expansion if needed.”
“The day’s highlight will be the US payrolls report for August. The consensus estimate is 218k jobs added, although the reports detail will also be examined for any implications for a potential Fed hike on 17 Sep.”
Key Quotes
“The EUR fell sharply and the USD rose after the ECB meeting. Draghi announced an increase in the share limit for individual bonds to be purchased, growth and inflation forecasts were downgraded, and forward guidance allowed for an extension of QE beyond September 2016.”
“The US dollar index rose to a two-week high following the ECB. EUR fell from 1.1240 to 1.1090.”
“The ECB left policy unchanged but downgraded its growth forecasts by 0.2ppts and its HICP inflation forecasts by 0.4ppts. The share limit on ownership of any single bond was raised from 25% to 33%, reassuring markets the ECB can fulfil its current QE objectives as well creating the capacity for expansion if needed.”
“The day’s highlight will be the US payrolls report for August. The consensus estimate is 218k jobs added, although the reports detail will also be examined for any implications for a potential Fed hike on 17 Sep.”