The US dollar turned to the upside on Monday. Let's discuss what to expect next from the market.
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.|
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.