It’s time for the ECB to move the euro

It’s time for the ECB to move the euro

The ECB press conference is anticipated on March 7, at 15:30 MT time. We anticipate the interest rate to remain at the same level of 0%. However, ECB president Mario Draghi, who is known for his unexpected statements, may provide some supportive data for the EUR despite the global uncertainties and the economic instability in the Eurozone.

• If the European central bank is hawkish, the EUR will go up;

• If the European central bank is dovish, the EUR will go down.

Check the economic calendar

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ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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