mask Will Draghi Put a Stop to Euro Sell Off?

07/ 12/ 2017

Will Draghi Put a Stop to Euro Sell Off?

Daily Update - 7th December 2017

Yesterday’s Markets

  • EUR ECB Non-Monetary Policy’s Meeting
  • CAD Bank of Canada Interest Rate Decision

Yesterday’s Focus

Euro edged lower against the Dollar on Wednesday as the Dollar Strengthened on optimism about progress on US Tax Legislation and lawmakers efforts to avert a US Government shutdown on Saturday.

ECB meeting minutes is yet to be released as per their Officials statement. Bank of Canada Interest Rate remained changed.

Today’s Markets

  • EUR GDP & ECB President Draghi’s Speech
  • USD Initial Jobless Claims

Today’s Focus

Euro will release its High Tier data of Euro Gross Domestic Products (GDP) figures for this quarter which gives us an insight on services and products manufactured by the Euro Zone and its growth outline and ECB President Draghi’s speech on the latter part of the day.

This will be followed by US reports on Initial Jobless claims and continuous jobless claims which gives us an outline for their Job Sector and its significant growth if positive or negative results.