USD/CHF and EUR/CHF rose to tactical highs. What's next?
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time. Shortly after that, there is the press conference with the ECB president Christine Lagarde at 15:30 MT time.
While we don’t expect the changes to the current interest rate (0%), the statement itself may provide some reasonable opportunities for traders. Experts have already noted that the policymakers of the bank are less experienced now and less dovish than the team managed by Mario Draghi. This fact brings uncertainty to investors and makes the press conference with the new ECB president intriguing for the market as well.
• If the ECB is optimistic, the EUR will rise;
• If the ECB is pessimistic, the EUR will fall.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!