USD/CHF and EUR/CHF rose to tactical highs. What's next?
Will the ECB monetary policy accounts affect the euro?
The ECB monetary policy accounts will be published at 14:30 MT time on November 21.
The monetary policy accounts are published one month after the interest rate announcement. Normally, the information is presented in two parts. The first one contains the latest developments of the Eurozone economy and the possible financial strategies to follow. The second one reflects the discussions that took place in the process of decision making and the reasoning behind the option that was chosen. Hence, we will see in detail why the interest rate was kept steady at 0% on October 24 and what the sentiment of the European monetary future is among the policymakers.
- If the ECB monetary policy accounts reveal a steady rate intention, the euro will rise;
- If the ECB monetary policy accounts reveal openness to further ease, the euro will drop.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.