Market Focus

On Thursday, March 8, 2018, all the attention of market participants will be riveted to the results of the ECB meeting and the press conference of the bank on monetary policy.

According to the forecast, the ECB will leave the deposit rate at the same level of -0.40%. Also, the ECB will keep the discount rate at the level of 0.0%. The release of data within the framework of the forecast can cause ambiguous reaction in the market, against which one should expect the EUR/USD pair to move within 30 points.

All attention of market participants regarding the euro will be riveted to the ECB press conference, which will take place a little later. If the ECB management touches on the topic of changing the parameters of monetary policy in the future, this could cause a significant increase in volatility in relation to the single currency.

Alexander Sivtsov