ECB is in Focus
Daily Brief Feb 22
The FOMC Minutes have come and gone and the focus for traders now turns to the ECB. I’m not expecting as much fanfare, however, the Euro will once again be in the spotlight. Though today's market doesn't offer the same amount of volatility, there is plenty of economic data about. Read ahead for the latest trade setups and signals.
Main Economic Events Feb 22
(GBP) Second Estimate GDP q/q - At 9:30 (GMT), the GDP data is set to be released. It is forecasted to remain unchanged at 0.5% as the British economy grew at a faster pace in Q4 2017. Any slight divergence in the data could cause huge movement in the Cable.
(EUR) ECB Monetary Policy Meeting Accounts - In their January meeting, the ECB (European Central Bank) left its policy unchanged. Any divergence could drive the volatility in the Euro.
(USD) Crude Oil Inventories - Today, the data is expected to be 2.2M vs. 1.8M last week.