Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
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
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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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