EUR/USD continued its deep dive and hit new lows as the dollar rally continued and euro-zone data was mixed. Another public appearance from Draghi and fresh PMIs stand out now. Here is an outlook for the highlights of this week Draghi talks: Monday, 16:00. The President of the ECB may hint about the highly anticipated December meeting of the Bank.Consumer Confidence: Tuesday, 15:00.Flash PMIs: Wednesday: 8:00 for France, 8:30 for ...
The US dollar continued marching forward, accompanied by clear hints of a rate hike. US Durable Goods Orders, UK GDP and the all-important FOMC Meeting Minutes stand out in the week of Thanksgiving. These are the major events on forex calendar. Mario Draghi speaks: Monday, 16:00. ECB President Mario Draghi will testify before the European Parliament, in Strasbourg. The ECB has not been clear ...
How to Trade the GDP Number A lesson on what traders of the stock, futures, and forex markets look for when the Gross Domestic Product (GDP) Number is released. As we have learned in previous lessons there are many components of the US Economy which can affect overall economic growth and inflation expectations. Some of the major examples here are how many people are employed in the economy vs. unemployed, how much the housing market is growing in different parts of ...
EUR/USD managed to recover as November began. Updated EU forecasts and some German data stand out, as Americans go to the polls. Volatility is going to be high. Here is an outlook for the highlights of this week. Eurogroup meetings: Monday, with the wider Ecofin on Tuesday. European finance ministers convene to discuss business. Comments come out throughout the day.German Factory Orders: Monday, 7:00. A rise of 0.2% is on the cards. ...
Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) is widely anticipated to retain its current policy in October, the EUR/USD may face a sharp move should President Mario Draghi & Co. take additional steps to further support the monetary union. What’s Expected: Why Is This Event Important: After cutting the growth forecast in September, ...
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