EUR
Yesterday the ECB cut its interest rate from 0.15% to 0.05% and introduced new
stimulus measures causing the Euro to fall to 14 month lows against the dollar.
 During Mario Draghis speech yesterday he stated that QE had been
discussed following the pressure to kick-start the Eurozone economy, as
manufacturing output slowed, unemployment fell and inflation fell to just
0.3%. 

 It is expected that around 500 Billion Euros could be pumped into the

EUR
Yesterday the ECB cut its interest rate from 0.15% to 0.05% and introduced new
stimulus measures causing the Euro to fall to 14 month lows against the dollar.
 During Mario Draghis speech yesterday he stated that QE had been
discussed following the pressure to kick-start the Eurozone economy, as
manufacturing output slowed, unemployment fell and inflation fell to just
0.3%. 

 It is expected that around 500 Billion Euros could be pumped into the
markets in the next three years.

USD
Jobless claims rose by 4,000 to 302,000 in the week ended Aug. 30, according to
Labour Department data. The total number of people on benefit rolls fell to the
lowest level in more than seven years.

The trade deficit in the U.S. unexpectedly narrowed in July to the lowest level
in six months as exports climbed to a record high. The trade gap shrank 0.6
percent to $40.5 billion, the smallest since January, from a revised $40.8
billion in June that was narrower than previously estimated, the Commerce Department
reported. 

ISM figures showed exports climbed to $198 billion from $196.2 billion in June.
Shipments of goods, including autos and non-petroleum products, were the
highest on record. Imports increased 0.7 percent to $238.6 billion from $237
billion in the prior month as Americans bought more autos and crude oil. Sales
of U.S. petroleum products swamped purchases of foreign crude, leaving the
trade gap on the fuel at the lowest level since May 2009. 

Key Announcements:
13:30 – USD – Non-Farm Payroll (Aug) – Expected to increase to 224k from
209K 
13:30 – USD – Unemployment Rate (Aug) – Expected to drop to 6.1% from 6.2%

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