Market updates on November 20
The US dollar is under pressure down, the Canadian dollar is in the correction.
Will the last ECB meeting with Mario Draghi be crucial for the EUR?
The European Central Bank will release its monetary policy statement and announce an official rate at 14:45 MT on October 24. After that, the ECB President Mario Draghi will hold a press conference at 15:30 MT time.
We don’t expect any changes to the interest rate this time. However, we will be looking for more hints on future monetary policy decisions in the bank’s statement. As we are awaiting a new round of quantitative easing implemented in November, the bank may provide more details on this program. It is also worth to mention, that Thursday’s meeting is going to be the last one hosted by Mario Draghi. As a result, analysts suggest that the meeting will be about giving him a good send-off.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
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Market updates on November 19
Updates on the US-China trade deal are in focus
5 important events this week will bring us!
The monetary policy statements by different major banks will be released, while we are awaiting more details regarding the US-China phase one trade deal.
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Market updates on November 21
The news concerning the US-China phase one trade deal may determine the moves of the market.
Market updates on November 20
The US dollar is under pressure down, the Canadian dollar is in the correction.
Market updates on November 19
Updates on the US-China trade deal are in focus
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