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Markets quite ahead of ECB

Thursday, Mar 05 2015
It is a steadier European part of the session as traders are awaiting for ECB interest rate decision and following Press Conference in which ECB President Mario Draghi should lay out more details on stimulus program.
 
Earlier today, from Germany, Factory Orders data was released. Price-adjusted new orders in manufacturing in January 2015 decreased a seasonally and working day adjusted 3.9% on December 2014. 1.0% decline was expected. Domestic orders in January 2015 decreased 2.5% and foreign orders by 4.8%. As regards the direction of trade in foreign transactions, new orders from the euro area were down 9.0% on the previous month, and new orders from other countries declined by 2.2%. 
 
Also, from the U.K House prices data was released. House prices fell by 0.3% between January and February, partly offsetting January’s 1.9% rise. This was in line with market forecasts.
 
Euro is currently being traded around 1.1050 area, Sterling is few points above 1.5240 level, while Aussie is around 0.78 handle. Besides, ECB Press Conference, also BoE will release its interest rate decision, while Unemployment Claims will be released from the USA.
More in this category: « Australian Retail Sales rose 0.4% in January BoE left interest rates unchanged »

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