Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The European Central Bank: How to Save EUR?
Information is not investment advice
What will happen?
The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3). After that, the press conference will take place at 15:45 MT time (GMT+3).
This is how the ECB communicates with investors. The statement contains the bank’s decision on interest rates and comments on the economic conditions. It’s a big event for the EUR due to the ongoing currency weakening.
Last time, the ECB statement met expectations, and the bank didn’t raise the key rate. As a result, the EUR decreased versus other currencies. If you traded one lot EURUSD, you could have earned $1200.
How to trade on the ECB Statement?
- If the statement is more hawkish than the Forecast, the EUR will likely strengthen against other currencies.
- If the statement is more dovish than the Forecast, the EUR will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, EURGBP, EURJPY.
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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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