Money flows before the start of Europe. ECB in focus

Today, Mario Draghi is expected to provide information on monetary policy, the state of the euro area economy, and possible global risks that would hamper local economic growth. The expectation is that the base interest rate will be further delayed. The most likely scenario is that Draghi will announce today that the bank will rather seek to keep open its possibilities and moves but will refrain from new and important policy speeches. Referring to its diminished forecast for economic growth, the ECB will turn to tracking economic data. Even the possibility of a new quantitative easing can be found if the economic conditions continue to deteriorate. Expecting Draghi's position is to keep it dovish. This position would negatively affect the euro. However, the single currency is expected to undergo major movements at both extremes. As far as the interest rate is concerned - it is not expected to be changed today.

Indices indicate cautious and cautious opening of today's session, and here are the levels:

DAX: +5 points

FTSE: -3 points

CAC: -1 points

Shares and the euro today will be kept on nails only by Mario Draghi. As always, such volatility will be dangerously high. The best option here is to stay away from deals and wait for the "dust" to rise. When the market has assimilated all the data and is ready to take in a certain direction, then we could join.

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