Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

How Will ECB Monetary Policy Statement Affect EUR?

How Will ECB Monetary Policy Statement Affect EUR?

Updated

What will happen?

ECB will report its Monetary Policy statement at 14:45 MT (GMT+3) on Thursday, October 28.

It's the primary tool the ECB members use to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Last time the ECB announced that the monetary policy will not be changed and EUR/JPY dropped by 0.5%.

ECB.png

How to trade on ECB Monetary Policy statement?

  • If the statement is more hawkish than forecast, the EUR is likely to strengthen against other currencies.
  • If the statement is more dovish than forecast, the EUR is likely to weaken against other currencies.

Instruments to trade: EUR/USD, EUR/JPY, EURGBP.

LOG IN

Deposit with your local payment systems

Be on top of your game

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat