EUR/USD is in focus ahead of US inflation and ECB
The US inflation will come out today at 15:30 GMT+3. Traders can’t wait to see the numbers as they will impact all the pairs with the USD!
The ECB brings an opportunity to the EUR traders
The European central bank will conduct its press conference on January 24 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 amid the global uncertainties and the economic instability in Italy and Germany.
• If the European central bank is hawkish, the EUR will rise;
• If the European central bank is dovish, the EUR will fall;
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The European Central Bank plans to post its monetary policy statement together with the interest rate on June 10, at 14:45 MT time.
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Will the economic data drive the USD up?
The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.
Gold dropped, market awaits Fed meeting on Wednesday
Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
Trade ideas for June 14-18
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
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