The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
The ECB and the euro: surrounded by skeptics
Information is not investment advice
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time. Shortly after that, there is the press conference with the ECB president Christine Lagarde at 15:30 MT time.
While we don’t expect the changes to the current interest rate (0%), the statement itself may provide some reasonable opportunities for traders. Experts have already noted that the policymakers of the bank are less experienced now and less dovish than the team managed by Mario Draghi. This fact brings uncertainty to investors and makes the press conference with the new ECB president intriguing for the market as well.
• If the ECB is optimistic, the EUR will rise;
• If the ECB is pessimistic, the EUR will fall.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.