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Forex Focus on US MBA mortgage applications

Forex Focus on US MBA mortgage applications
Forex Focus on US MBA mortgage applications

There are not much in our trading calendar today, ahead of the ECB decision tomorrow at 11:00GMT EURUSD traders await the US MBA mortgage applications for the week of 6 September.

Analysts now forecast a 10 basis point rate cut in the deposit rate to -0.5% from the current -0.4%, also expected to restart the quantitative easing program from October.

Oil traders focus will be on EIA Crude Oil Stocks Change, the EIA Cushing Crude Oil Stocks Change and EIA Crude Oil Imports Change.

The central bank of China set the Yuan rate (USDCNY) at 7.0843 versus yesterday fix at 7.0846.

Asian indices are trading higher today, Nikkei adding 0.85% at 21,572. EURUSD trades 0.10% higher at 1.1053; the USDJPY is 0.20% higher at 107.75 while the AUDUSD is 0.19% higher at 0.6874.Don’t miss a beat! Follow us on Telegram and Twitter.

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