Let’s have a look at the economic calendar.
EUR/USD: forecast for Oct. 16-20
The euro managed to strengthen versus the US dollar during the past week as the market’s focus switched from the euro zone’s political concerns to the region’s brightening economic outlook.
Euro-zone's seasonally adjusted industrial production rose to a 9-month high in August, exceeding the forecasts. In addition, European investor confidence strengthened to a 10-year high in October.
Watch and find out how to trade EUR/USD and GBP/USD ahead of the ECB statement!
The market sentiment improved based on an ease of the trade war tensions between China and the US.
What if there's no uptrend or downtrend at the market? How to make money in a sideways market? FBS analyst Elizabeth Belugina will show you how to trade in ranges…