The Results of the ECB Meeting and Donald Trump`s Statement

The ECB held a meeting on monetary policy yesterday. As Draghi said, the regulator intends to keep the stimulation volume to increase inflation. The ECB representatives decided to leave the current monetary policy unchanged to support the existing balance of risks. Draghi also noted the stable growth of the Eurozone economy. After the press conference, the euro has updated its threeyear high.

During yesterday’s World Economic Forum in Davos, the US President Donald Trump said that the American dollar will become “stronger and stronger”, refuting the previous statements of Finance Minister Mnuchin about the weakness of the US currency. As a result, the US dollar index (#DX) moved away from the lows and rose by 0.20%.

The “black gold” prices fell slightly due to a possible seasonal weakening of demand for raw materials. At the moment, futures for the WTI oil are testing a mark of $ 65.5 per barrel.

Market Indicators

Yesterday, the main indices demonstrated a variety of trends: #SPY (+0.04%), #DIA (+0.45%), #QQQ (0.04%).

The 10year US government bonds yield is at the level of 2.63%.

UK GDP data at 11:30 (GMT+2:00);data on durable goods orders in the US at 15:30 (GMT+2:00);GDP statistics in the US at 15:30 (GMT+2:00);Inflation report in Canada at 15:30 (GMT+2:00).

by JustMarkets, 2018.01.26