Market updates on June 27
Market updates
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
Keep an eye on the important release for the loonie
The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
Market updates on June 26
Read and find out the market movers
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 sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
