mask ECB Forum Gets Underway, All Eyes on Draghi

19/ 06/ 2018

ECB Forum Gets Underway, All Eyes on Draghi

Daily Update - 19th June 2018

Yesterday’s Focus

  • ECB President Mario Draghi Speech
  • USD Fed's William Dudley Speech

Yesterday’s Explained

The euro stabilized yesterday after last week's big losses but the threat of an escalating global trade war, a dispute in Germany's governing coalition and a more dovish-than-expected ECB all weighed on the single currency.

After suffering its biggest drop in a month after the European Central Bank said it would keep rock-bottom interest rates on hold through the summer of 2019, the euro slipped again on Monday before recovering slightly to trade up 0.1 percent on the day at $1.1621, off its recent lows of $1.1543.

Today’s Focus

  • AUD RBA Meeting's Minutes
  • EUR ECB President Draghi, ECB Praet Speech
  • USD Fed's Bullard speech, Housing Starts, USD Building Permits

Today’s Market

The day will begin with RBA’s meeting minutes report, on the other hand, three days Forum in Portugal has been started yesterday. ECB President Mario Draghi will be having another session later today which could give some hope to investors and online traders dealing in EUR, since the EUR/USD got declined last week for multiple months low, there will also be a speech coming from ECB member Praet. From US,  data will also be released such as Housing Starts and Building Permits with FED’s Bullard speech that will probably confirm indications from last week’s meetings.