Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
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.
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.