Weekly Forex Outlook: January 21-25
Let’s take a look at the economic calendar and the most important events that will shake markets next week.
What will happen on the ECB meeting?
Today the European central bank will hold a press conference at 15:30 MT time. There are many talks about the tapering of European quantitative easing. Based on the firm economic growth, the European central bank is aiming to tighten its monetary policy. Moreover, traders are waiting for comments from the ECB President Mr. Draghi that can support the euro that is highly volatile in recent weeks. The interest hike is not anticipated today, however, the speech of Mr. Draghi can affect the euro a lot.
We will look if there are reasons to worry about the ECB hawkish mood.
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