Sep 24 – Economic Events Outlook – ECB Mario Draghi is Up Next!

Posted Monday, September 24, 2018 by
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.

 

EUR – ECB President Draghi Speaks

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.  

 

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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