Trading Update |
29-May-14, 9:09am: Indices are taking a breather this morning after a good performance ahead of this afternoon’s US GDP data. |
29-May-14, 9:09am: ECB Rate Cut Hopes Weigh on the EuroThe euro is slipping ahead of the ECB meeting on 5 June, where traders see it as being more likely that Draghi will cut rates. Sterling is facing selling pressure as traders ask tough questions about the UK’s roles in Europe following the European election results. |
02-Jun-14, 8:53am: The Nikkei is seeing some gains this morning as traders wait for this week’s key ECB meeting. |
02-Jun-14, 9:57am: Forex Traders Await News from DraghiWith the June ECB meeting coming up this week, the euro is seeing continued weakness on expectations of an interest rate cut. |