The major currency pair may have a calm trading session on Tuesday in anticipation of news in the middle of the week.
On Tuesday morning, EURUSD is neutral. The current quote for the instrument is 1.1260.
The Euro significantly recovered yesterday in anticipation of the April meeting of the European Central Bank. Today, just like yesterday, the macroeconomic calendar is almost empty, but the next three days will surely fill this void.
Reports that may seem interesting to market players will be published only in the evening. The USA will report on the NFIB Small Business Index in March, which is expected to get a bit worse. As a rule, this report doesn’t attract much attention.
Investors will save their strengths in anticipation of Wednesday, when the European regulator is going to have another meeting and the US Federal Reserve is scheduled to publish the FOMC Meeting Minutes.
First of all, investors are interested in the ECB press conference after the meeting. They will look for any hints at the multilevel interest rates system as it was actively discussed on the sidelines.
As for the FOMC Meeting Minutes, market players will be interested in indications to the regulator’s further monetary policy.
Orgin: RoboForex
