The week was pretty calm so far. We were somewhat enjoying lack of report and news in our life. But, is had to end sometime and today is as good a day for it as any. Today we have several red importance events, although it seems that the main turbulence is going to show itself tomorrow. But. Those, trading EUR/USD need to be aware of what is coming. Today ECB Monetary Policy Meeting Accounts is going to take place and we need to be aware of the changes, happening to the chart right now.
ECB Monetary Policy Meeting Accounts is a detailed record of the ECB Governing Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. Once again the future of interest rates of the region is in focus. And why shouldn’t it be? The economy and stability in the world are shifting and not towards something good. Today we are learning that USA might not sign trade deal with China this year after all. And this adds to the growing concern – what if Trump decides to slap trade tariffs onto EU as well? That is not out of the question after all.
Plus, German economic data did not show perfect or even good numbers the last time we saw a report on the matter. If this tendency is going to go on, then declining euro is going to be a pretty usual deal for us. And that is why we need to understand where EU and euro are standing right now with interest rates and overall wellbeing of the region.
So, EUR/USD might become a source of trouble and turbulence for us today. Watch out for both of them with trading signals.