USD/CHF and EUR/CHF rose to tactical highs. What's next?
|Traders are impatiently waiting for the European Central Bank’s meeting on October 26. The regulator will publish its monetary policy decision at 14:45 MT time. The ECB President Mario Draghi will hold a press conference at 15:30 MT time.|
|The ECB is expected to announce reductions in its asset purchases. The euro has been strengthening on such expectations since the start of the summer. If the ECB fulfills the market’s expectations, the euro will retain strength. If the central bank disappoints, the euro will plummet.|
|Be ready to a spike in volatility during Mario Draghi’s press conference. If you decide to trade on this event, remember to apply the rules of risk management.|
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.