Volatility EUR and USD Video Analysis

CupO’Forex Daily Forex Technical Analysis – September 4, 2014

Good morning and welcome to CupO’Forex. This is your daily video analysis for Thursday the fourth of September.

Today is an exciting and busy day! We have a number of key data releases from the United States and even some huge news coming out of the European Central Bank (ECB). Everyone should be on their toes as we can expect some volatility across the Euro Forex crosses and even the Dollar Forex crosses. We will even have volatility in the world’s equity markets. Today the ECB will release its rate decision. We expect them to stand pat on their key rate as well as monetary policy. What we are watching or listening for is the verbiage with ECB Chief Mario Draghi’s statement afterwards. Listen for what the ECB is going to do to continue combating the ever slowing local economies as well as their super low inflation numbers. Will they introduce Quantitative Easing sooner than later?

The United States will be releasing the ADP employment report, this is the runner up to tomorrow all watched non-farm payroll number. We are expecting this number to meet or exceed expectations as we have been seeing improvement in the US labor market. The US is also releasing some ISM data as well. Expect excitement in the US financial markets today, especially with the dollar and even the equities markets like the S&P 500.

Thanks for watching! Have a great day trading and we will see you tomorrow.