
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
The European Central Bank will publish the main refinancing rate and make a statement on Thursday, June 4, at 14:45 MT time. Also, the ECB press conference will be later at 15:30 MT time.
Instruments to trade: EUR/USD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/AUD, EUR/CHF
Analysts give 99% that the main refinancing rate will stay unchanged. Traders should focus on the ECB statement and the press conference. The central bank will reveal the market overview and give its forecast. It’s important what officials think about the future recovery as it will drive EUR. The central bank’s main weakness is a risky nature of its debt. However, the ECB with Merkel and Macron tackled it and unleashed a 750 billion-euro emergency asset-purchase program with 500 billion as grants and the rest as loans. It helped to prevent borrowing costs from going out of control. Economists expect the program to be topped up.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Good Wednesday, dear traders! Let’s look at the main news ahead of the main event that will shake the markets: the release of US CPI at 15:30 GMT+3!
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!