Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Euro zone inflation soars more than expected before ECB meeting
In August, euro zone inflation edged up more than expected, as official data disclosed on Thursday. It’s because the European Central Bank gets ready to discuss whether to tighten its monetary policy after 2-1/2 years of decent stimulus or not.
Inflation in the 19-country currency economic bloc, set by the ECB at below 2%, grew to 1.5% in August from 1.3%, coming ahead of hopes for 1.4% following higher energy costs, as Eurostat informed on Thursday.
Evidently, underlying inflation, or prices excluding energy costs and volatile food, a figure closely monitored by ECB policymakers, stood still at 1.3%, surpassing forecasts for 1.2%.
While the figures might strengthen the case of conservative policymakers, already pushing for the EU’s major financial institution to wind down its asset-buying in 2018, the ECB is currently dealing with a strengthening common currency, suppressing prices. By the way, tightening policy would make this asset more attractive.
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.