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The FxPro Analyst Team

ECB Interest Rate Decision, Canadian Housing Starts and US Initial Jobless Claims – March 8, 2018

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At 12:45 GMT, Eurozone ECB Deposit Rate Decision will be announced, with an expectation of -0.4% compared with a previous value of -0.4%. The ECB Interest Rate Decision will also be released at this time, with an expectation for rates to be left unchanged at 0%. This data could see volatility increase in EUR markets on the approach to the ECB Press Conference and Monetary Policy Statement at 13:30 GMT.

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At 13:15 GMT, Canadian Housing Starts s.a. (YoY) (Feb) is expected to be 216.6K from 216.2K previously. This data may affect the CAD currency markets.

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At 13:30 GMT, US Initial Jobless Claims (Mar 2) is expected to be 220K from 210K previously. Continuing Jobless Claims (Feb 23) is expected to be 1.921M from 1.931M previously. USD crosses could be moved by this data.

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At 13:30 GMT, an ECB Press Conference and the Monetary Policy Statement will take place. This data may cause EUR pairs to increase in volatility. Comments from ECB President Mario Draghi will be assessed for hints on future monetary policy.

At 16:00 GMT, Canadian Gov Council Member Lane is due to speak about the March interest rate decision at the Vancouver Board of Trade. Audience questions are expected and any comments made may move CAD crosses.

At 16:00 GMT, Canadian Bank of Canada Governor Poloz is due to speak at the unveiling of the new $10 banknote, in Halifax. The text of the speech is due at the release time listed. The speech is scheduled to be delivered 15 minutes later and comments made may move CAD crosses.