Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
ECB monetary policy statement: potential pressure for the euro?
Information is not investment advice
The European Central Bank will publish a monetary policy statement and release the main refinancing rate at 14:45 on September 10. Later, at 15:30 MT time, the ECB President Christine Lagarde will hold a press conference.
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD
While the interest rate remains at 0%, we recommend following the policymakers' decisions amid the coronavirus crisis. The ECB continues conducting its bond-buying program and considers the need for further actions. Given the current strong performance of the EUR and mixed releases of economic indicators, it would be interesting to see the middle-term economic outlook by the ECB and its plan for further steps regarding monetary policy.
- If the ECB highlights positive developments in the economy of the Eurozone, the EUR will strengthen;
- If the ECB comments about the weak economy and remaining risks, the EUR will weaken.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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