Three key data releases for today

Following data will release today:

18.15 IST: ECB interest rate decisionThe six member ECB or European Central Bank Executive Board and governors of 16 euro zone central banks would vote on where to set the interest rates. These short-term interest rates deeply influence currency valuations.

19.00 IST: US initial jobless claimsThe data is indicative of the number of applicants who filed for unemployment insurance in US. Released by the US Department of Labour, the data, if higher than expected, is bearish for USD and bullish for bullion.
The forecast is pegged at 371K, lower than 359K issued on September 27.

19.00 IST: ECB press conferenceThe statement that is read by the ECB officials is the initial item on the list and then followed by press conference. The meet focuses on the factors that affect ECB interest rate, economic outlook and inflation; the markets swing back and forth depending on ECB officials’ answers to questions by journalists. Via

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