Today the Governing Council of the European Central Bank (ECB) meets in Frankfurt to announce the new monetary policy of the Eurozone, including the interest rate decision. Every announcement made by the ECB once in 6 weeks is highly anticipated by traders and closely followed by short term volatility on the EUR.
n August 31 at 8:00 am GMT (10:00 am in Johannesburg and 3:00 pm in Jakarta) and The German Unemployment Rate will be published. The rate has a great influence on the EUR. In particular, the high reading will make the EUR weak, while the low reading will strengthen it. High volatility is expected for the EUR and all its correlated assets (EURUSD, EURGBP, Dax)
On August 24-26th the 2017 Economic Symposium will take place in Jackson Hole, Wyoming. Everything said on the Symposium has the potential effect on the global stock and currency markets and closely followed by the most prominent market players.
On August 8 Disney announced the new earnings report and shared the decision to remove its movies from Netflix. It resulted in the immediate drop in Netflix stocks for more than 5% and can lead to the new era of entertainment services.
On August 9 at 10:00 EET the next UK inflation report hearings will take place in London. It’s one of the main financial events in the UK, which has a major impact on the GBP and its correlated assets.
On the 6th of July Prime Minister of Japan Shinzo Abe and President of the European Council Donald Tusk came to an unprecedented agreement, setting in motion creation of one of the most powerful trading blocs.