Market focus

On Thursday, 25.10.2018, the day is very full of statistics. At the start of the day, the market will expect data on the trade balance of New Zealand, for which expectations remain very restrained. With the opening of the European session, we expect statistics on business activity in Germany, that will have a very restrained influence on the market, despite its importance. The reason for the restraint of the market will be waiting for the ECB  interest rates data, which is likely to keep monetary policy unchanged. But despite it, the market will expect hints of tightening the monetary policy of the eurozone in the future, and if they do, the euro will receive support.

The American session will also be rich in statistics, among which  durable goods orders and the US trade balance are worth noting. Also at the American session, the ECB will hold a press conference, which will cause an increase of  volatility for euro.

Hanzenko Anton