NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
The European Central Bank: How to Save EUR?
What will happen?
The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3). After that, the press conference will take place at 15:45 MT time (GMT+3).
This is how the ECB communicates with investors. The statement contains the bank’s decision on interest rates and comments on the economic conditions. It’s a big event for the EUR due to the ongoing currency weakening.
Last time, the ECB statement met expectations, and the bank didn’t raise the key rate. As a result, the EUR decreased versus other currencies. If you traded one lot EURUSD, you could have earned $1200.
How to trade on the ECB Statement?
- If the statement is more hawkish than the Forecast, the EUR will likely strengthen against other currencies.
- If the statement is more dovish than the Forecast, the EUR will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, EURGBP, EURJPY.
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