FOREXYARD: Forex News Blog

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Market Review 3.9.12 Posted: 03 Sep 2012 01:46 AM PDT After hitting a two-month high last Friday, the EUR/USD saw little movement in overnight trading and is currently trading at 1.2581, relatively unchanged from when markets opened for the week. The pair turned bullish on Friday, following a speech from Fed Chairman Bernanke in which he hinted that new steps to boost the US economy could begin in the near future. Poor Chinese and Australian economic indicators resulted in the AUD slipping to a fresh six-week low against the USD at 1.0238 last night. Main News for Today UK Manufacturing PMI- 08:30 GMT • Forecasted to come in slightly higher than last month's figure • If today's news comes in above the expected 46.1, the pound may see some bullish movement against the USD and EUR ECB President Draghi Speaks- 13:30 GMT • The ECB is expected to unveil new plans in the coming days to combat the euro-zone debt crisis • If today's speech offers any details as to what exactly the ECB is getting ready to do, the euro could see major gains during afternoon trading Read more forex news on our forex blog

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