Forex news.

ECB’s Stark on the Wires:Written by Lawrence Fayman.
Says:
    * Global economic outlook remains uncertain
    * Higher oil, commodity prices may damp spending
    * ECB doesn’t see medium0term inflation pressures
    * ECB sees ample global liquidity
    * ECB will counter any flation pressures early
    * Euro area suffering from structural divergences
    * ECB already in exit mode, will proceed with withdrawal
    * ECB exit will proceed as markets normalize
    * Measures to be kept only as long as ‘absolutely needed’
    * Government bond purchase plan is ‘temporary’
    * Government bond purchase plan is not quantitative easing
    * Current ECB stance is accommodative
    * ECB rates are still appropriate for now
    * Sees risk that too-loose policy will fuel inflation

Forex Morning Report- Nov 11:
Written by Shawn Powell .


Happy Veterans Day!
Written by Lawrence Fayman .
I would like to take a moment this morning to thank all of the veterans and troops that have served us over the years. Thank you for your continued dedication and hard work.
This morning we have no economic data as jobless claims were released yesterday instead of today showing some improvement, reaching the best level we have been at since July of this year.
Stay tuned for news headlines and commentary.