1. Oil continued to plunge as probability of production cut fades
The losses continued after Saudi Arabia’s oil minister said on Wednesday that production cuts "will not happen".
2. Sterling continues to lose ground and investors weigh the effects of the Brexit
Cable was already trading at a seven-year low as economists predicted that it could $1.35, level not seen since 1985, if Britain votes to leave the EU, event that markets refer to as Brexit.
GBP/USD dropped 0.85% stood at 139.01 at 11:00GMT or 6:00AM ET, GBP/JPY fell 1.13% to 155.39 and EUR/GBP traded up 0.47% at 0.7898.
3. Fed members may give clues on March move
Federal Reserve Vice Chair Stanley Fischer stated late Wednesday that the U.S. central bank may be willing to overshoot its employment target as the effect could serve to push inflation back towards the Fed’s 2% target.
4.Yield on the Japanese 10-year bond hit all-time low on BoJ comments
Japan 10-Year fell deeper into negative territory on Wednesday to hit an all-time low after Bank of Japan Governor Haruhiko Kuroda hinted at more policy easing.
5. Investors also await U.S. housing data
Analysts forecast new home sales to fall -4.4% on the month in January, after the 10.8% increase in December.
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