Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
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.
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.