06 March 2019
This week there are two key economic events that are likely to cause volatility in market!
European Central Bank meeting
On March 7th at 12.45 noon GMT European Central Bank meeting will be held to decide on interest rate. Leading FreshForex analyst tells what to expect from the ECB meeting:
"Weak economy of the eurozone is likely to force ECB to lower the GDP and inflation forecasts. On Thursday consider buying #DAX30, #CAC40, #ESTX50 and selling EURASD, EURCAD."
February Non-farm Payrolls
On March 8th at 1.30pm GMT Nonfarm Payrolls is to be released. This report shows changes in number of people employed in USA non-farm sector. Total number of employed in this sector is about 80% of workers producing USA GDP.
That is why NFP offers the best economics review and causes high volatility in markets!
Leading FreshForex analyst tells what to expect from the NFP release:
"Growth of employment in services sector signals that release is likely to be above the mid-point. On Friday consider buying #SP500, #Boeing, #Facebook, #Exxon."
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