Market Focus

On Thursday, 26.04.2018, 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 forecast can cause mixed reactions 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. Market participants expect that the ECB will soften its tone with regard to monetary policy, which will put pressure on the euro. In the event that the ECB’s statements will have a hawkish character, one should expect the strengthening of the single currency against the main competitors.

Alexander Sivtsov