ECB Meeting

ECB Meeting

The economy of the euro area is in a very good shape. However, the euro cannot strengthen. Mario Draghi, the President of the European Central Bank, sounded cautious at the regulator’s last meeting. Although the European interest rate is expected to remain at the same level for a long time, Mr. Draghi may still give clues about the future rate hikes. Even a hawkish-sounding speech will support the single currency. The ECB will release its statement at 14:45 MT time on April 26. The traditional press conference will start at 15:30 MT time. As usual, great swings await EUR/USD and EUR/GBP.


Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

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