Posts Tagged ‘Critical Levels’
The Euro and British Pound in Play Ahead of Key Interest Rate Decisions (Euro Open)
Saturday, August 8th, 2009The Euro and the British Pound may see volatility in European trading hours with pivotal interest rate decisions on tap from the European Central Bank and the Bank of England. While neither central bank is probably to change benchmark lending rates, the commentary surrounding the releases is of utmost interest.
Key Overnight Developments
• New Zealand’s Jobless Rate Surges to Highest in Nearly a Decade
• Australian Unemployment Rate Holds Steady on Part-Time Job Gains (more…)
Focus on US Jobs Report
Saturday, August 8th, 2009The currency markets are probably to look past the releases of Swiss unemployment, German industrial production and trade figures, and UK PPI to focus on the upcoming US Non Farm Payrolls report due late into European hours. Australian news was mixed the overnight session as the RBA talked up rate hike up possibilities while the construction sector shrank the most since April.
Key Overnight Developments
• Australia’s Construction Sector Shrinks Most Since April
• RBA Hints at Rate Hikes But Traders Not Convinced
• Euro, Pound Little Changed in Overnight Trading (more…)
