The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The ECB Interest Rate Decision: insights for the euro
What will happen?
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. As usual, we will learn about the European economic outlook and monetary policy conducted by the bank. The statement will be followed by the press conference with ECB President Christine Lagarde. The recent news from the ECB was quite optimistic. According to one of the ECB members, French Governor Villeroy, the regulator will likely end the pandemic emergency purchase program within a year. It does not mean an immediate tightening of the European monetary policy, but it means that the massive crisis stimulus could be replaced by softer accommodative tools.
How to trade on the ECB Interest Rate Decision?
During the meeting, we recommend you follow the comments on the PEPP’s destiny and the Q&A session with Christine Lagarde. The euro will get volatile during the event.
- If the ECB is optimistic, the euro will strengthen;
- If the ECB is cautious, the euro will weaken.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
ECB is holding a meeting today at 14:45 GMT+3! It’s a crucial event for the euro. Read all news in the article!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.