Happy Tuesday, dear traders! Here’s what we follow:
It’s time for the ECB to move the euro
Information is not investment advice
The ECB press conference is anticipated on March 7, at 15:30 MT time. We anticipate the interest rate to remain at the same level of 0%. However, ECB president Mario Draghi, who is known for his unexpected statements, may provide some supportive data for the EUR despite the global uncertainties and the economic instability in the Eurozone.
• If the European central bank is hawkish, the EUR will go up;
• If the European central bank is dovish, the EUR will go down.
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The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
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.