Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith to break down the latest market moves.
Natixis Research Analyst Dirk Schumacher speaks about Thursday's upcoming monetary policy decision from the European Central Bank.
By Tommy Wilkes LONDON (Reuters) - The euro held near eight-week lows on Thursday as traders prepared for European Central Bank President Mario Draghi to speak with investors searching for any signals about when the ECB will begin unwinding its stimulus. The single currency trimmed earlier gains to trade flat at $1.2164 after the ECB kept rates unchanged as widely expected. "We think the ECB is probably quite happy with its forward guidance.
The U.S. dollar and the euro traded in tight ranges Thursday morning, as the European Central Bank left interest rates unchanged, as expected. Traders are now awaiting ECB President Mario Draghi’s news conference at 8.30 a.m. Eastern. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which gauges the buck against a basket of six currencies, was little changed, hanging in negative territory at 91.157, after reaching its highest level since mid-January on Wednesday, according to FactSet data.
Investing.com - Gold prices were off their best levels of the day on Thursday as strength in the dollar and Treasury yields continued to weigh, keeping prices within reach of three week lows.
The European Central Bank on Thursday left interest rates unchanged, as expected, and repeated that it intended to continue its program of buying 30 billion euros ($36.6 billion) of assets a month until ...
Investing.com - The dollar was holding steady near three-and-a-half month highs against a basket of the other major currencies on Thursday, supported by higher Treasury yields as the U.S. 10-year bond yield held above the 3% level.
The European Central Bank meets for its policy-setting meeting on Thursday and the big question on traders’ mind is when President Mario Draghi & Co. will put an end to its aggressive bond buying program ...
The euro has sold-off lately and is trading around its lowest level since mid-January against the U.S. dollar on Wednesday. But this is rendering it undervalued ahead of the European Central Bank’s policy ...
Euro zone government borrowing costs inched down on Thursday, as investors wait to see whether the European Central Bank will offer any clues on the timing and pace of unwinding its ultra-easy monetary stimulus. The ECB is set to keep policy unchanged at a meeting on Thursday but its comments will be followed closely for further guidance as to when it might signal a move towards ending its 2.55 trillion ($3.16 trillion) asset purchase scheme later this year. ECB chief Mario Draghi will have to contend with a slew of data showing recent weakness in the euro zone economy that has prompted investors to push back expectations for a rate rise further into 2019.
Investing.com - Cryptocurrency prices were down on Thursday. Reports that Nasdaq’s CEO voiced support for the digital coins gathered some attention. Meanwhile, U.S. state Wisconsin is considering accepting Bitcoin for donation.
The ECB Press Conference is the main event of the day, softer inflation figures likely to see Draghi give the EUR a reason to slide this afternoon, few expecting Draghi to take a hawkish stance. For the Dollar, trade figures could get the markets riled again, though much will depend upon yields for the Dollar.
Investing.com - Gold prices rose on Thursday morning as the dollar retreated across the board in Asia despite the rising 10-year U.S. treasury yields.
Essentially, rising U.S. Treasury yields and U.S. Dollar should continue to put pressure on the AUD/USD and NZD/USD. However, we could see some short-covering and position-squaring if the U.S. data misses their mark or if investors decide to book profits ahead of Friday’s U.S. GDP report.