By Ashley Smith – Euro-Zone debt concerns will likely continue to influence the markets today. Investors should also pay attention to the results of the U.K election as it will have a major impact on the Pound.
A conservative victory will likely support the currency. Investors should also keep an eye on the ECB rate statement. While the European interest rates will likely remain unchanged, the accompanying statement should shed light on the current sovereign debt crisis as well as provide a future outlook for the region.
Also today there is a speech by Fed Chairman Ben Bernanke at 13:30. As with the ECB statement, investors should pay attention to any signals as to the future of monetary policy tightening and interest rate hikes.
The U.S Unemployment Claims are published today at 12:30 GMT, while they are not expected to provide much volatility, the data will be useful ahead of tomorrow’s release of the Non Farm Payrolls data.
Forex Market Analysis provided by Forex Yard.
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