The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
How Will ECB Press Conference Affect EUR?
What will happen?
The ECB will host a press conference on March 10, at 15:30 MT (GMT+2).
The central bank will uncover the factors that affected the current interest rate and other policy decisions, such as the overall economic outlook and the inflation forecasts. Most importantly, the ECB may provide clues regarding future monetary policy.
Last time the statements were more hawkish than it was expected. As a result, EURUSD gained 2000 points.
How to Trade on the ECB Meeting?
- If the ECB statements is more hawkish than forecasted, EURUSD is likely to rise.
- If the ECB statements is more dovish than forecasted, EURUSD is likely to fall.
Instruments to trade: EURUSD, EURCAD, EURGBP
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.