Monday starting with exciting week ahead though pound pairs gapped up in the sessions opening the current enviroment set an eye over European central banks (financial stability report .This report is important because its release is scheduled twice a year
What the last report says about stabality from European central bank as few highlighted points below
- Improved Capital Adequacy Ratio by 14.3%
Due to which the resilience of european economy was maintained as mentioned in report
- Risk continuation for the economy,
The report as well mentioned the risk of the european economy is in continued manner ,As we have seen though when this financial stabality report was scheduled on 14 May 2019 The EURUSD was trading at 1.1100 levels from where it rallied upto 1.1400 and then from june it resumed its trend down and hovering around 1.1000
The Weekly chart of EURUSD on the right aide showing the scene of the after stabality report .The focus will of the traders will be on it for sure .
Apart from that the events are scheduled ECB’s De Guindos speech
And Another speech from Fed’s Mester (FOMC) Member.