Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The ECB stimulus may weaken the EUR
The European Central Bank will announce its interest rate and publish the monetary policy statement on September 12, at 14:45 MT time. After that, the ECB president Mario Draghi will conduct a press conference at 15:30 MT time. The market is awaiting the stimulus package by the ECB. There are no doubts that the regulator is about to cut its interest rate. The main question is how big the rate cut is going to be. The announcement of a substantial stimulus and hints on more rate cuts soon will weaken the euro significantly. In addition, it is recommended to pay attention to the tone of the ECB president.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
Source of picture: Alexandros Michailidis / Shutterstock.com
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The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.