Dear clients,
Today will be the meeting of the European Central Bank, the body that regulates the entire credit and financial policy of the Eurozone. This is an event that attracts special attention, as it define the economic situation in Europe.
What to expect and what to pay attention to, tells our leading analyst:
The ECB may keep the interest rate at 4.5% and will signal to traders its willingness to keep rates on hold at its upcoming meetings as it fears a banking crisis in Europe. Keeping rates unchanged is negative for the single European currency. On Thursday consider selling on EURUSD, EURAUD, EURHKD, EURJPY.
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