Dear Valued Customer,
More speculations from the European Central Bank (ECB).
Rumours has it that ECB is looking to embark on its rate-capping plan in a bid to put a cap on peripheral bond spreads which would ease the financing problems of the indebted nations within the Eurozone, irrespective of any objections by the Bundesbank.
However, until the Eurozone (EZ) monetary officials confirm their policy direction, the EURUSD remains subjected to whipsaw moves. For now, the risk appetite is on and the bulls have the upper hand as the credit concerns regarding EZ sovereign debts continue to abate.
Meanwhile, global manufacturing PMIs are due out this week which might set the tone for some of the major currencies for the rest of the week.
Is it the rally in EUR sustainable or is it just another knee-jerk reaction?
Find out the answers and more, when you join Jimmy Zhu, FXPRIMUS Market Analyst, as he presents FXPRIMUS Director of Training & Education and CNBC Market Analyst Mario Sant Singh's analysis, the upcoming Weekly Market Outlook LIVE Webinar on 27 August from 8-9pm SGT (GMT+8) .
|
Tidak ada komentar:
Posting Komentar