AUD: up for a rise?
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
ECB Meeting
The policy of the European Central Bank is a major driver for the euro. Ahead of its every meeting, traders await decisions and comments from the ECB and make their predictions. As a result, the EUR is volatile ahead of the event and afterward.
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.
In June, the ECB announced that it would end monetary stimulus program by the end of the year (good news for the EUR) but signaled that any interest rate hike was still distant (bad news for the EUR). Traders will be eager to know whether the central bank’s approached has changed or not.
• If the ECB is optimistic about the economy and hints at higher interest rates, the EUR will rise.
• If the ECB is pessimistic about the economy and hints at low interest rates, the EUR will go down.
Check the economic calendar
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.
Similar
USD: are American consumers confident enough?
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.
Important events on February 24-28
There is almost only one big event on the stage of Forex - Coronavirus. How will currencies and commodities respond?
Latest news
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
AUD: up for a rise?
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
USD: are American consumers confident enough?
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.
Deposit with your local payment systems
