Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Will the ECB president change his tone?
The European Central Bank will publish its monetary policy statement and announce the official rate on July 25, at 14:45 MT time. After that, the ECB president Mario Draghi will conduct a press conference at 15:30 MT time. We anticipate no changes to the current interest rate, which is held at 0%. However, the ECB president Mario Draghi may throw hints on the possible changes to the current monetary policy and provide comments on the current economic outlook. Last time, Mr. Draghi suggested that the European economy needed additional stimulus for better conditions. His dovish comments pulled the euro lower. If the ECB president changes his tone this time, the situation will be different.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
