Trade euro on ECB comments.

Trade euro on ECB comments.

The European Central Bank will announce the interest rate on October 25 at 14:45 MT time. At 15:30, the central bank will hold a press conference.

The euro has been under big pressure because of the Italy budget issue. Moreover, the strengthening of the USD doesn’t let the EUR/USD pair to rise.

Although the market is sure that the central bank won’t change the interest rate, the market is waiting for comments on the further tapering of quantitative easing. If the bank sees a possibility to move to tighter monetary policy, the traders will consider it as a good sign. However, there are risks of the dovish comments caused by threats on the financial markets.

• Positive comments will boost the EUR.

• Negative comments will pull the EUR down.

Check the economic calendar

shutterstock_695396449.jpg

                                                                                TRADE NOW

Similar

Latest news

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

Japan's October machinery orders tack on

In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera