Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Trading EUR: await news from the ECB

Trading EUR: await news from the ECB

Information is not investment advice

The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16

The interest rate of 0% is out of the question for the ECB in the foreseeable future, as per the latest press releases. The inflation in the Eurozone still hasn’t reached the 2% target and is not expected to do that in the upcoming months. There are more and more forecasts that promise the further slowdown of the European economy. It’s hard to imagine that the Monetary Policy Meeting Accounts will change the picture. However, although the ECB President Christine Lagarde said previously that she is neither a hawk nor a dove, she mentioned that the quantitative easing will continue “as long as necessary”. We may have more clues on that in the document. In turn, more clues mean trade opportunities. If this policy is confirmed, the EUR will experience selling pressure.

  • If the document presses on quantitative easing, the EUR will be under pressure;
  • If the document is more hawkish than expected, the EUR will turn up.

Check the economic calendar

1.png

                                                                                            LOG IN

Similar

Popular

Choose your payment system

Learn more