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!
ECB: packing presents for the euro traders
The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time. After that, at 15:30 MT time, the ECB President Christine Lagarde will hold a press conference.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
This year has been tough for the Eurozone. Massive lockdowns and coronavirus pandemic have damaged the economy roughly. Most policymakers and institutions agree that the ECB should boost its support. For example, the International Monetary Fund suggests that the European regulator needs to expand its asset purchases and consider the relaxation of Targeted Longer-Term Refinancing Operations (TLTROs) and even a rate cut. Though the news on vaccines' development is quite optimistic, these measures are necessary for the economy's stabilization. Given these views, it's particularly interesting to hear the comments by the ECB president Christine Lagarde on possible changes to monetary policy.
- If the ECB is optimistic, the euro will be boosted.
- In case of an alternative scenario, the euro will go down.
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?
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.