All attention to EUR after ECB rate statement

All attention to EUR after ECB rate statement

The European central bank will publish the main refinancing rate and make a statement on Thursday, July 16, at 14:45 MT time. Also, the ECB’s press conference will be later at 15:30 MT time.

Instruments to trade: EUR/USD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/AUD, EUR/CHF

The main refinancing rate is likely to stay unchanged. Instead of that, traders should focus on the ECB statement and the press conference. It’s expected that the ECB will boost its Pandemic Emergency Purchase Programme (PEPP) with an additional 1 trillion euros. Economists consider that the central bank will increase the PEPP to reach the target rate of inflation at nearly 2%. It will prove that officials shift their focus from the short term to the medium term goal – from mitigating crisis to supporting economic recovery. Pay attention on economic guidelines that officials will give. It’s really important as it will define the future movement of the Euro.

If the ECB leaves everything unchanged and gives pessimistic forecasts, the EUR may fall.

If the ECB increases the size of PEPP and gives optimistic forecasts, the EUR can rise.

Check the economic calendar

EUR_push13.jpg

     TRADE NOW

Similar

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

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

Beginner Forex book

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.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera