When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
ECB Meeting & Press Conference
|Meetings of the European Central Bank tend to have a great impact on the euro. The regulator will announce its rate decision at 14:45 MT time on December 14.|
|At its last meeting in October, the ECB reduced purchases in half as the euro area’s economy showed its best performance in a decade. At the same time, the regulator extended the program by nine months, as inflation is still very low.|
|The ECB president Mario Draghi mentioned that some decisions may be left for December. Watch his press conference at 15:30 MT. The event is going to be a big driver of the euro. If the ECB is positive about the region’s economic and inflation outlook, the euro will rise. If Draghi emphasizes negative risks, the EUR will decline.|
The Chinese economy is slowing down, while a risk that politicians will not be able to agree regarding the US national debt increases. Read the full statement to learn more!
Happy Monday, fellow traders! We are pleased to be back and share everything you need about the upcoming week!
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!