Market updates on July 16
Welcome to Tuesday!
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. |
Similar
5 important events this week will bring us!
Find out what is going to move the markets this week
Market updates on July 12
Friday is on!
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
Deposit with your local payment systems
