Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
ECB will get down to groundwork for stimulus exit
ECB Governor Mario Draghi is braced for laying the groundwork to reduce monetary stimulus when the bank’s policymakers have a meeting on Thursday. However, a subdued outlook for inflation suggests that Mario won’t probably make any commitment in the nearer future.
A major bank source told Reuters the ECB will adjust its inflation predictions, while moderately upgrading surge projections.
The given divergence would go right to the heart of the dilemma faced by Draghi as Mario needs to decide whether to wind down or extend the bank's asset purchases. As a matter of fact euro zone economic surge is definitely on its best run for a decade, and inflation is going to miss the objective, which forms the very core of the bank’s mandate for upcoming years.
Given extra worries, which firm signals could provoke market volatility and ruin the bank's plans, the policy makers are currently shifting their message just incrementally.
With surge exceeding hopes, unemployment dipping rapidly as well as the threat of deflation long gone, many experts say Draghi doesn’t have many reasons to maintain an emergency set up, so they wonder how quick the exit might be.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.