Markets Gear for ECB Interest Rate Decision

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17/7: E.U CPI to Affect the EUR

18/7: German Zew Economic Sentiment to Affect the EUR

20/7: ECB Interest Rate Decision to Affect the EUR


Last Week’s Recap – Yellen Signals Gradual Rate Hikes

E.U. Markets wobbled last week while a rally in oil prices eased after government data revealed a rise in oil production. The greenback also eased against the Japanese yen on Wednesday, after Federal Reserve Chair Janet Yellen stated that future interest rate hikes would be gradual.*


Monday Morning Briefing – E.U. Markets Open Higher Ahead of the Second Round of Brexit Talks

European markets started the day higher on Monday morning, as investors reacted to robust economic growth data in China and focused on the second round of Brexit talks. U.K. Brexit Secretary David Davis is set to resume talks with the EU’s Michel Barnier in Brussels today. In China stronger-than-expected economic growth data revealed that the world’s second-largest economy is supported by robust industrial output. Specifically, the Chinese economy grew by an impressive 6.9 percent in the second quarter.**


Important Events and News Releases that will Define this Week’s Markets:

Mon 17/7- E.U CPI (Jun) to Affect the EUR

Europe’s Core Consumer Price Index (CPI) is due to be released this Monday at 9:00 GMT. Forecasts point to a no change at 1.3% while a higher than expected reading could push the EUR pairs higher.***


Tue 18/7 – German ZEW Economic Sentiment to Affect the EUR

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index came in lower than expected last month at 18.6. July’s data is due to be released at 9:00 GMT this Tuesday while forecasts point to another 18.6 reading which could have a negative effect on the EUR pairs.***


Thu 20/7 – ECB Interest Rate Decision to Affect the EUR

The euro is currently under immense pressure as the European Central Bank persists on keeping key interest rates at 0%. There is little expectation the bank will adjust its policy this week, though a raft of economic indicators in recent weeks have pointed to a steadily strengthening economy. July’s interest rate decision is expected to be announced by 11:45 GMT on Thursday while any hawkish shift in ECB president Draghi’s comments should be taken as a positive signal for the EUR pairs.***


Don’t miss your chance to join our FREE Live Trading Session on ECB’s interest rate decision this Thursday. Watch our experts identify and trade the opportunities that will arise on the day!

ECB EN 20.7


*Source: Bloomberg
**Source: CNBC


View all Important economic releases & events this week: 

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