Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Important day for the EUR
The European Central Bank is going to deliver its interest rate decision at 14:45 (MT time). Interest rate announcement is closely watched by traders struggling to define the future path of EUR/USD. The rate decision, as usual, will be followed by the ECB press conference at 15:30 MT time. The regulator’s president Mario Draghi will explain the reasons behind the ECB decisions and answer the journalists’ questions. As the central bank is not expected to change the interest rate, the press conference will be more important. The speech of Mario Draghi may provide clues regarding the ECB’s future monetary policy.
The minutes of the ECB’s last meeting showed that the central bank is concerned by the escalation of global trade tensions. Traders will watch the central bank’s press conference and trading in EUR/USD and other pairs containing the EUR will likely be very active.
• If the ECB sounds optimistic, the EUR will gain.
• If the ECB sounds pessimistic, the EUR will fall.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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