As market keenly waiting for ECB interest
meeting outcome and job data which may guide markets further whether
turmoil is going to continue or markets going to go positive.
Investors' nervousness over the euro
intensified on Friday after euro zone inflation data showed a surprise drop
to 0.7 percent year-on-year in January, compared with analysts' expectations of
a 0.9 percent rise.
With
interest rates already at a record low of 0.25 percent, analysts increasingly
expect the ECB to start buying sovereign bonds to loosen monetary conditions.
- Sell Crude Oil at 97.90 stop above 98.50 target 96.70
- Sell Eur/Usd at 1.3530 stop above 1.3610 target 1.3410
No comments:
Post a Comment