The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
ECB Press Conference
|Despite the euro area’s robust economic growth, the European Central Bank is still doing the so-called quantitative easing (QE). Without this form of monetary stimulus, the euro would trade higher. The uptrend of the single currency since the start of 2017 was fed by the expectations that the ECB will reduce the QE. The ECB President Mario Draghi will speak about the central bank’s monetary policy at the press conference at 15:30 MT time on March 8. His comments about inflation, economic growth and the QE will have a great impact on the EUR.|
The upcoming CPI and the earnings season are the main events in the focus of traders next week. Check out more!
The market sentiment is risk-off. Stocks are falling, while the safe-haven US dollar is edging higher. Meanwhile, oil advanced after the OPEC meeting.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).