Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
The European central bank may move the EUR
The European central bank will publish its monetary policy statement on June 6, at 14:45 MT time. As usual, after that, the ECB president Mario Draghi will hold a press conference with a Q&A session at 15:30 MT time.
The interest rate is expected to remain at 0%. However, the tone of the statement by Mr. Draghi may shake the euro. According to the ECB vice president Luis de Guindos, the risks for the Eurozone include potential trade war with the US, Brexit and the weakness in emerging markets. Will these factors influence on the comments by the ECB president? If Mr. Draghi sounds positive, it will push the euro up.
• If the ECB is hawkish, the EUR will go up;
• If the ECB is dovish, the EUR will go down.
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Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Latest news
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
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