How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
ECB monetary policy statement: potential pressure for the euro?
The European Central Bank will publish a monetary policy statement and release the main refinancing rate at 14:45 on September 10. Later, at 15:30 MT time, the ECB President Christine Lagarde will hold a press conference.
Instruments to trade: EUR/USD, EUR/JPY, EUR/CAD
While the interest rate remains at 0%, we recommend following the policymakers' decisions amid the coronavirus crisis. The ECB continues conducting its bond-buying program and considers the need for further actions. Given the current strong performance of the EUR and mixed releases of economic indicators, it would be interesting to see the middle-term economic outlook by the ECB and its plan for further steps regarding monetary policy.
- If the ECB highlights positive developments in the economy of the Eurozone, the EUR will strengthen;
- If the ECB comments about the weak economy and remaining risks, the EUR will weaken.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.