Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.
An exciting opportunity to trade the EUR
The European Central bank will have a press conference at 15:30 MT time on December 13.
The press conference is scheduled 8 times a year and comes out about 45 minutes after the announcement of the main refinancing rate. The EUR tends to be highly volatile during this event, as the ECB president Mario Draghi will provide comments on the future monetary policy. As it is already known, the ECB plans to taper its quantitative easing policy. That is why the further hints on this issue are expected.
• If the ECB comments are positive, the EUR will rise.
• If the ECB comments are negative, the EUR will fall.
The US will reveal its Inflation Rate, while Apple will launch iPhone 13 today. How will the markets react? Let’s find out.
The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.