The US PPI will come out on Thursday, May 12, at 15:30 MT time.
How Will EUR React to ECB Press Conference?
Information is not investment advice
What will happen?
The ECB will publish the Monetary Policy statement on Thursday, April 14, at 14:45 MT (GMT+3).
After that, the bank will host a press conference at 15:30 MT time (GMT+3).
The central bank will share the details about the current interest rate and other policy decisions, such as the overall economic outlook and the inflation forecasts. Moreover, the ECB may provide clues regarding future monetary policy.
Last time, the statements were more dovish than was expected. As a result, EURUSD lost 1750 points within two days.
How to trade on the ECB meeting?
- If the ECB statement is more hawkish than forecasted, EURUSD will likely rise.
- If the ECB statements are more dovish than forecasted, EURUSD will likely fall.
Instruments to trade: EURUSD, EURCAD, EURGBP
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The BOC will report its Monetary Policy on Wednesday, April 13, at 17:00 MT (GMT+3).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.