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Charting the Markets: ECB Hangover Ahead of U.S. Jobs Report (News: 04/12/15)

Today's Press

  • The European Central Bank has unveiled another stimulus injection for the sluggish euro-zone economy, but the measures fell far short of what investors had expected and stock markets took a painful tumble.

  • Asian stocks are falling for a third day after the S&P 500 Index slumped the most in two months. Part of the move was down to Fed chair Janet Yellen's congressional testimony, during which she signaled the U.S. economy is ready for higher borrowing costs. Today's U.S. jobs report is likely is confirm that readiness, with employers forecast to add 200,000 positions in November. 

  • Despite oil prices plunging by more than 60 percent in 18 months, OPEC kingpin Saudi Arabia and the cartel's other Gulf state members are defying calls to reduce output -- in a year-long strategy of attempting to preserve market share and fend off competition from non-OPEC and world leading producers Russia and the United States.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 123.32
  • EURUSD: 1.0867

Indices:

  • S&P 500: 2,049.62
  • NASDAQ : 5037.5


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