Sep 24 – Economic Events Outlook – ECB Mario Draghi is Up Next!
Arslan Butt • 1 min read
On Monday, the Japanese and Chinese banks will be closed in observance of Autumnal Equinox Day and the Mid-Autumn Festival. Most Forex brokers remain open for every holiday except Christmas and New Year’s Day. But the volatility often remains extremely thin.
Watchlist – Key Economic Events Today
EUR – German Ifo Business Climate
At 8:00 (GMT), Ifo Institute for Economic Research will be releasing the German Business Climate data. For your info, it’s a survey of about 7K businesses which asks respondents to rate the relative level of current business conditions and expectations for the next six months.
As per economists forecast, a slight drop is expected from 103.8 to 103.2 which may not place any impact on single currency Euro. However, a significant change can offer us a quick trade opportunity in Euro.
At 13:00 (GMT), President Draghi is due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. As we know, Draghi isn’t expected to play with interest rates until 2019. Therefore, this speech may leave a muted impact, until and unless ECB’s President surprises the investors with something new.
That’s pretty much it on the economic docket, but stay tuned to FX Leaders for quick trade setups and forex trading signals.