Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The ECB stimulus may weaken the EUR
Information is not investment advice
The European Central Bank will announce its interest rate and publish the monetary policy statement on September 12, at 14:45 MT time. After that, the ECB president Mario Draghi will conduct a press conference at 15:30 MT time. The market is awaiting the stimulus package by the ECB. There are no doubts that the regulator is about to cut its interest rate. The main question is how big the rate cut is going to be. The announcement of a substantial stimulus and hints on more rate cuts soon will weaken the euro significantly. In addition, it is recommended to pay attention to the tone of the ECB president.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
Source of picture: Alexandros Michailidis / Shutterstock.com
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
