mask All Eyes on Draghi and Euro is under pressure ahead of ECB Monetary Policy Meeting

07/ 03/ 2019

All Eyes on Draghi and Euro is under pressure ahead of ECB Monetary Policy Meeting

Daily Update - 7th March 2019

Yesterday’s Market

  • US ADP Employment Change, Trade Balance

Yesterday’s Explained

US ADP Change & Trade Balance both reflected negative against the prior months. Basically giving us an indication that China & US Trade Talks are yet not effectively changing their Economic Outlook.

 

Today’s Market

  • EUR GDP, Interest Rate Decision & Monetary Policy Statement
  • US Initial Jobless Claims

Today’s Focus

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Followed by the most important Data for the day which is Interest Rate Decisions & their monetary policy statement. Later on Thursday US will release their Initial Jobless Claims which provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy