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Key events in the US sessions - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted and explained the sessions key events.

    Key Quotes:

    "The ECB surprised investors this Thursday, by deciding to extend its asset purchase program until the end of March 2017 or beyond, but without expanding the amount of monthly purchases.

    Despite the Central Bank has also cut deposit rate by further 0.10%, leaving them at -0.30%, EUR bulls took over the FX board, as the announcements were quite short from markets' expectations. Stocks plummeted after the news and the EUR/USD pair skyrocketed after being as low as 1.0505 right after the release of the rates decision, adding over 400 pips intraday and finally meeting some selling interest around 1.0941.

    The American dollar was sold-off across the board, with the decline accelerating after the release of poor US services PMI figures for November, down to 55.9 from October reading of 59.1."
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