ZuluTrade Blog

Market View

Market Recap – The ECB week

Monday, September 9, 2019 10:39 AM GMT

Financial markets are turning their focus to Thursday’s ECB meeting. Following this year’s Jackson Hole summit, it would be the third Central Bank to announce its monetary policy. The RBA (Australian) and the BOC (Canadian) left their policies and main rates unchanged communicating that the current degree of stimulus is appropriate. On the other hand, the ECB is expected to announce the size and the composition of a potential new asset purchase program. European rates will remain at present or lower levels at least until June 2020, was the July’s communication.

In the regional elections in Russia, where many opposition candidates have been refused to participate and protests against these anti-democratic practices have been held, the candidates supported by President Putin, continue to enjoy a 26 seat majority in the 45 seats parliament of Moscow. Putin continues enjoying a 60% popularity rating.

Macro releases: The week began with an unexpected decrease of Chinese exports and a significant increase of the Australian home loans m/m. Note that US-China trade is plummeting (US imports from China -16% y/y and US exports to China at -22%). Other than the UK’s GDP, today there is no other potentially market moving release. Full economic calendar is here.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

Add comment

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.