Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
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 European Central Bank will make its policy statement on July 22 at 14:45 MT (GMT+3).
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
PMI reports from the EU, the UK, and the USA will be released during the day!