11 December 2019
On Thursday, December 12 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 FreshForex analysts:
The ECB will announce that it will keep interest rates low for a long time, as inflation in the Eurozone is low, which threatens the Eurozone economy. This is negative for the euro and positive for stock markets. On Thursday consider buying # DAX30, # CAC40 and selling EURUSD, EURGBP.
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