Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
ECB Meeting
| 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. |
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Latest news
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The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
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The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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