Daily update
Bank of Japan Governor Kuroda Speech ECB’s President Mario Draghi speech Bank of Canada Governor Stephen Poloz speech The highlight yesterday was on ECB president Mario Draghi’s speech held in Brussel. After Mario Draghi’s speech the EUR/AED remained unchanged at rate of 4.13, the ECB decided to leave the rates unchanged since the IFO Germany business climate and current assessment report was positive in European market. Bank of Japan Governor Kuroda provided further details on the central bank’s monetary policy shift announced last week. A speech from Kuroda confirmed as we had expected – the BoJ will seriously consider deeper negative rates. KKuroda said, the central bank stands ready to use every available tool to achieve its 2% inflation. Bank of Canada governor Poloz held a speech yesterday and after the speech CAD/AED remained unchanged, yesterday evening CAD closed on 2.78821 against AED. OPEC meeting Markit services PMI and Markit composite PMI for the month of Sep. 2016. Day starts with no changes in major currencies like EUR, GBP, JPY and CAD, focus of the day is gonna be OPEC meeting. There could be some fluctuation in major currencies after the meeting since in the meeting prices of oil could be changed and there could be volatility in some major currencies. The second event is gonna be US Markit services PMI and Markit composite PMI for the month of September 2016, PMI ( Purchasing managers Index) shows the actual economic condition of United States.Yesterday’s markets
Yesterday explained
Today’s markets
Today’s focus
