CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

QE3 Looking more likely on Thursday

Article By: ,  Financial Analyst

We have another event filled week ahead of us following on from a dismal US jobs report on Friday and an ECB that looks prepared to take action in the bond markets. Wednesday brings two of the main highlights from Europe with the German Constitutional Court’s ruling on the ESM along with the Dutch going to the polls for Lower House elections. The main event for me will be the FOMC that concludes on Thursday with the probabilities for QE3 having increased following the weak payroll data last Friday. The G20 Finance Ministers and Central Bank Governors will meet on Thursday in Mexico before the Euro group meeting in Cyprus on Friday which could see Spain asking for financial aid. In Greece, PM Samaras is set to meet with representatives of the troika today, before flying to Frankfurt for a meeting with ECB President Draghi on Tuesday, as the leaders of the Greek coalition fail to sign off the final spending cuts deal required.


EUR/USD

Supports 1.2750-1.2700-1.260 | Resistance 1.2838-1.2878-1.2940


USD/JPY

Supports 77.90-77.65-77.30 | Resistance 78.30-78.65-79.05


GBP/USD

Supports 1.5950-1.5910-1.5880 | Resistance 1.6030-1.6080-1.6000

 

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