Important News and Events Happening Today

  + Check out the news of the past 24 hours:

 1️⃣ The ECB reassured the market: "Be flexible against unexpected yield increases"

 - The Vice President of the European Central Bank (ECB) told a Portuguese newspaper - after some policymakers called for the bank to take action - that the ECB can be flexible in countering any surge.  undesirable bond yields.

 - “We will have to see if this increase in nominal yields has a negative impact on financial conditions.  If we come to the conclusion that it will happen, we would be more than happy to recalibrate our policy, including the Pandemic Emergency Asset Purchase Program (PEPP) package if needed, we would not lack "policy ammo", Mr. Guindos said on Tuesday.

The ECB may issue a 2021 inflation forecast at its policy meeting next week but most of this year's increase will be temporary, so the bank is not too concerned about price hikes in the short term,  de Guindos added.

 2️⃣ What's from the RBA policy meeting, how did the AUD respond?

 The Reserve Bank of Australia (RBA) has decided to maintain current monetary policies that include:

 - Maintain the standard interest rate of 0.1% and 3-year government bond yield;

 - Maintain parameters of the Term Financing Program and Bond Purchase Program;

 Other information includes:

 3️⃣ Notable facts and data for today

 - There are important data to look out for today.  In terms of economic data, the number of ADP jobs in the US for February will be released.  Expected to increase by 177,000 and the previous value is an increase of 174,000.  This data is strongly correlated with non-farm announcements published on Friday.

 In addition, today's service sector PMI data in China, France, Germany, UK, the USA, and other countries will be released one after another and investors can capture the overall economic recovery.  bridge.

 Chicago Fed President Evans will deliver a speech on current monetary and economic policy on Thursday and the Federal Reserve will release a "Beige book"; President of the New Zealand Fed.  Or will also discuss monetary policy in the future.

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