The European Central Bank is set to reveal if it can withstand the pressure of aggressive global monetary tightening waves as market participants await the conclusion of its policy meeting on Thursday.
The policymakers at Europe's apex bank have outlined a plan to only hike the rate gradually despite the surging inflation in the zone seen at around four times the bank's target. The meeting will also have to consider the design of a new crisis tool to contain a potential fallout from the Italy debt crisis as political crisis creeps in to force out Mario Draghi, Italian Prime minister. The effect of the Ukraine-Russia war is also weighing heavily on the zone as the shutoff in Russian gas could kick off on Thursday and further worsen the growth situation of the zone with surveys of purchasing managers and consumers showing massive weakness with no respite in view.
I expect the bank to hike the rate by a quarter point and might mark the commencement of a cycle of hikes a move last witnessed in 2011 when the bank launched a series of stimulus measures to get back the economy to its feet.
If the ECB comes out with a more hawkish decision than what has been projected we might witness a major recovery in the Euro which has shed gains against major currencies in the last few months even falling to parity against the US dollar. A dovish stance which also includes a decision to keep the rate constant at 0% might push the Euro back to parity against the Greenback and could be seen at lower levels not seen in almost 2 and a half decades.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade