09 September 2020
On Thursday, September 10 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 keep the interest rate at the same level but may declare the necessity to increase the bond buyback program. At the end of August, a 0.2% deflation was fixated in the Eurozone, which forces the monetary authorities to increase the volume of redemption of debt securities. This event will have a positive impact on the European stock market. Consider buying #DAX30, #CAC40.
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