The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
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 market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
The overall market sentiment is mixed as investors await the Federal Reserve’s statement today at the evening.
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
The market has started the week with a mixed sentiment…