ECB's interest rate decision, coming up!
Party is coming up!? 🙂 Just kidding, I am not expecting any changes in the ECB’s monetary policy today. The main rate, decision coming up at 11:45 h (GMT), should remain at 0,05%. In that case, the market could stay steady and calm. But, we could see some action and market moves during the Press Conference at 12:30 h (GMT). Mr. Draghi could ‘drop’ something!? Market players expect dovish Draghi, mostly because of possible lower economic projections from the Central Bank. If Mr.Dragi would be dovish about that, the euro could go lower. Hawkihsh Mr. Draghi could boost euro up, but there is not such expectations in the market. As far as I can see, the market could remain quite calm today, waiting for tomorrow’s NFP data. Or, we could see some protester from feminist group Femen again and the real party could begin. Toples one this time!? 🙂
- 11:45 h (GMT) – ECB, Interest rate decision!!!
- 12:30 h (GMT) – ECB, Moneraty policy statement and press conference!!!