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| Meetings of the European Central Bank tend to have a great impact on the euro. The regulator will announce its rate decision at 14:45 MT time on December 14. |
| At its last meeting in October, the ECB reduced purchases in half as the euro area’s economy showed its best performance in a decade. At the same time, the regulator extended the program by nine months, as inflation is still very low. |
| The ECB president Mario Draghi mentioned that some decisions may be left for December. Watch his press conference at 15:30 MT. The event is going to be a big driver of the euro. If the ECB is positive about the region’s economic and inflation outlook, the euro will rise. If Draghi emphasizes negative risks, the EUR will decline. |
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
In August, UK consumer prices jumped by 2…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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