This week could be particularly interesting to keep an eye on the most widely traded FX pair. If you have trading positions on EUR/USD, you should focus on FOMC minutes, Wednesday, and on ECB minutes, Thursday.
Today’s Mario Draghi speech might also cause a short-term volatility. Tomorrow, Janet Yellen, Chair of the Federal Reserve, will participate in a panel discussion at the New York University Stern School of Business.Friday. According to most of the analyst, United States Manufacturing PMI is expected to be 55 and will meet expectations.
Our traders consider that EUR/USD pair will rise in the medium term as there are signs of more European economic growth.