Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How Will ECB Monetary Policy Statement Affect EUR?
Information is not investment advice
What will happen?
ECB will report its Monetary Policy statement at 14:45 MT (GMT+3) on Thursday, October 28.
It's the primary tool the ECB members use to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.
Last time the ECB announced that the monetary policy will not be changed and EUR/JPY dropped by 0.5%.
How to trade on ECB Monetary Policy statement?
- If the statement is more hawkish than forecast, the EUR is likely to strengthen against other currencies.
- If the statement is more dovish than forecast, the EUR is likely to weaken against other currencies.
Instruments to trade: EUR/USD, EUR/JPY, EURGBP.
Similar
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.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
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.
Choose your payment system
