Dear Clients,
Two key events are set to hit the market this week.
The first event is the decision of the German Constitutional Court, aka the Krimson Kardinals of Karlsruhe, on whether the European Stability Mechanism (ESM) or the ECB's primary market bond monetization program, is legal. Traders await the final decision which will likely set the direction for the EUR and the rest of the risk currencies in the near term.
The second event is the FOMC Statement by the Federal Reserve (Fed). The August NFP report released last week disappointed the market with a job growth of just 96K. An employment change that is below 100K would suggest that hiring activity is still lacklustre. This fuelled speculations that the Fed might launch the next round of monetary stimulus soon.
How will the risk currencies react to this news?
Find out the answers and more, when you join Jimmy Zhu, FXPRIMUS Market Analyst, as he presents FXPRIMUS Director of Training & Education Mario Sant Singh's analysis, the upcoming Weekly Market Outlook LIVE Webinar on 17 September from 8-9pm SGT (GMT+8).
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