What Euro will bring next week?

The European Central Bank will announce its main financing rate and monetary policy decisions next week. As you might know, the euro has already taken a beating for a long time against the US dollar. The maintenance of the Gazprom pipeline last week won't help the euro either. The ECB has to take action to reduce the risk of a weakened currency and the current growing inflation rate.

 

The line above was undoubtedly supported by the market's response. However, the value of the US dollar has increased significantly (and, in my opinion, could collapse at any time depending on how other currencies behave, with the exception of the Japanese yen). One thing you should really be aware of is how oil prices could impact all of your indicators and render them obsolete. Until at least OPEC takes a position, the situation with energy prices won't get better on its own.

It seems almost certain that the main refinancing rate of the ECB will increase from 0.5 percent to 1.25 percent.

Whether the market has already factored in the higher rate is uncertain. Additionally, the Reserve Bank of Australia, the Bank of England, and the Bank of Canada will release theirs. it will be interesting how the market reacts to this