Market focus

On Wednesday, 10.04.2019, the economic calendar will reach maximum saturation with news in the week.

The publication of significant statistics is expected from the European trading session. At the start of trading in Europe data on the UK GDP will be published. From the data on the the UK economy expect further slowdown, which will continue to put the pressure on the British pound. In conditions of maintaining uncertainty on Brexit, these statistics can have a significant impact on the market. The main event of the day will be the publication of the ECB meeting  results and the subsequent press conference of the ECB President M. Draghi. Despite the high probability that the euro zone’s monetary policy will remain unchanged, rumors of signals about the growth of the eurozone economy remain on the market.

The US session will also be saturated with the US data, including data on the US inflation, oil inventories and the publication of the FOMC protocol. The data will also have a significant impact on the US dollar.

Hanzenko Anton