Last week’s busy events made way for a calmer start though they continue to affect the market. The second day of the IMF meetings together with the speech of Mr. Jean-Claude Trichet, president of the European Central Bank starts another interesting trading week. Let’s see what awaits us today.
In Europe, The president of the European Central Bank, Jean-Claude Trichet delivers a speech titled “Global Convergence Today” at the Council on Foreign Relations, in New York.
This could have a strong effect on the Euro and on future monetary policy.
The second day of the IMF meetings continues last week’s events.
A formal statement covering policy shifts and meeting objectives is released after the meetings have concluded. Both the comments and statement can create a market stir and impact international monetary system and monitors the financial and economic policies of its 186 members countries.
In Japan, Corporate Services Price Index, released monthly monitors changes in the price of services purchased by corporations, is expected to remain unchanged for the relief of Japanese consumers.
That’s it for today. Happy forex trading!
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