Softer US payroll data was certainly against market expectations. But batch of US data released earlier from USA was clearly hinting weak jobs report, though it is believed that severe winter could be the spoiler, also hitting construction business badly.
It is expected that change in weather condition in coming months will help US economy to pick its lost pace in the 2ndquarter and so will jobs numbers. Despite poor…Continue
EURO @ 1.0495 =
On March 5, in my note “Mario Draghi was Too Disappointing”. I gave reasons why Euro will hit 1.05 levels. ( http://www.forexstreet.net/profiles/blogs/mario-draghi-was-too-disappointing?xg_source=activity ;). My target…Continue
It was quiet and eventful week, as ECB maintained its extremely loose monetary policy stance that was followed by Draghi’s press conference, which unlike past carried less weight and was ineffective. ECB boss was clearly directionless, as market paid no heed to his higher future growth forecast. Market is more concerned about the disagreement between ECB and Greece, which remains a threatening issue.