Trading forecast: how ECB decision will influence EURUSD

23 July 2019

ECB rate decision July 25Dear clients,

On Thursday, July 25 the ECB Interest Rate Decision is to be released. The main Bank goal it to support national currency and stimulate economic growth. This event makes a direct impact on the global financial markets and, therefore, the national currency rate.

Here comes a trading forecast from a leading FreshForex analyst Catherine Main:


Low inflation and weak industrial production are observed in Eurozone. The ECB may announce interest rate cuts and a bond redemption program. On Thursday consider selling EURUSD, EURGBP and buying #DAX30, #CAC40.


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Please note that forecast is not a guide to action. News and forecasts reflect the subjective analysts' opinion.

Trading forecast: how ECB decision will influence EURUSD

 

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