Market focus

Thursday is full of news thanks to the publication of data on business activity (API) in Germany, the eurozone and the United States. In addition to data on business activity at the start of the day will publish an employment report in Australia, which is expected to significantly reduce the level of employment, which will put pressure on the Australian dollar.

The main event of the day will be the publication of the ECB meeting results, from which no significant changes in monetary policy will be expected. The market will focus on forecasts for the eurozone economy and Draghi press conferences. Amid a slowdown in the global economy, the market will expect the ECB to lower forecasts. The data on oil inventories in the United States will close the day, from which they expect a modest reduction in crude oil reserves.

Hanzenko Anton