Weekly Forex Outlook: August 20-24
The week won’t be notable with a big number of economic events.
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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Weekly Forex Outlook: August 20-24
The week won’t be notable with a big number of economic events.
Webinar "FUNDAMENTAL ANALYSIS. How to understand policy of central banks?"
Forex traders often hear about central bank meetings which provoke rapid currency moves, but don’t know how to predict the outcomes of these events.
Trading plan for Aug 16
The USD index rose to the highest level since June 2017 on Wednesday but then pulled back on Thursday.
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