Italy’s decision to close down school weighed on the common currency and capped its gains. Speculation about an ECB cut and further virus headlines are set to rock markets, in the opinion of Y0hay Elam from FXStreet. Key quotes “No school today. Italy took the drastic step after the death toll from coronavirus surpassed 100. The number of infections has hit 3,000 and also other European countries have seen an increase in cases.” “The Federal Reserve is on course to continue cutting interest rates while the European Central Bank has limited space. While bond markets are pricing in a 10bp rate cut by the Frankfurt-based institution next week, in Washington, at least 40bp of cuts are projected for the March 18 decision.” “Another factor to watch is US politics. The greenback jumped on Joe Biden’s victory in Super Tuesday. Moreover, Biden received the support of businessman Michael Bloomberg who stepped down on Wednesday.” “US Factory Orders are of interest today, but it seems that only top-tier events can compete with virus updates. Friday’s Non-Farm Payrolls release is one such event, and it could move markets – as it impacts the Fed.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan: Fiscal policy is the answer – ANZ FX Street 3 years Italy’s decision to close down school weighed on the common currency and capped its gains. Speculation about an ECB cut and further virus headlines are set to rock markets, in the opinion of Y0hay Elam from FXStreet. Key quotes “No school today. Italy took the drastic step after the death toll from coronavirus surpassed 100. The number of infections has hit 3,000 and also other European countries have seen an increase in cases.” “The Federal Reserve is on course to continue cutting interest rates while the European Central Bank has limited space. While bond markets are pricing in a 10bp… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
