The market sentiment

EUR / USD The attention of investors today will be the decision of the European Central Bank on interest rates, and shortly after the statement of Mario Draghi, who will give clarity on the future monetary policy of the bank. Likely volatility in the pair today will be increased. Sentiment in favor of upward movement due to weak data on retail sales and PPI index from the US yesterday.

USD / CAD after weak data from the US yesterday, today it is possible to see new shortovi movements, due to the increasing speculation that we may see an increase in interest rates in Canada later today (17:00). According to some analysts, better economic performance in Canada earlier this month may lead to increases in interest rates, which will have a positive impact on the local currency.

It is possible to see corrective movements movements of the indexes after data showed a decrease in China, with GDP showed 1.3%, compared with 1.5% in the previous period, industrial production 5.6% compared to expectations of 6.9% and retail sales 10.2 percent to 10.9% Today, investors will turn their attention to the statements of Mario Draghi and nest.

Varchev Finance