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Crazy night! Take a look at some of the most important things tonight.

iconApr 10, 2019 17:03
Source:SMM

SMM4 month 10 news: today is definitely an important trading day, more risk events in the evening, do a comb here.

In its March interest rate resolution, the ECB left three major interest rates unchanged, including 0 per cent for major refinancing operations, 0.25 per cent for marginal loan facilities and-0.4 per cent for deposit facilities. In addition, the ECB postponed the original deadline for not raising interest rates from the end of the summer to the end of 2019 and announced that it would start a two-year targeted long-term refinancing operation in September, a decision that far exceeded market expectations. The ECB has also slashed GDP growth in the euro zone. It can be said that the March interest rate decision is really loud.

Well, is it possible to continue the dovish style tonight? it is very possible that, not to mention the certainty, it will be basically eight, nine, ten, eight, nine, ten. Trump announced on Twitter yesterday that imposing tariffs on $11 billion worth of European products was another blow to the EU, that trade negotiations between the United States and Europe should be sooner rather than later, and that Draghi had no hawkish reason in the face of weak economic data.

2. Fed Announces minutes of meeting

The Fed's March interest rate resolution was equally loud, with the Fed not only keeping interest rates, but also hinting that it would not raise interest rates this year, a far cry from what it had predicted three months ago, and that the contraction was scheduled to end by the end of September. The market needs to find in the minutes why Fed officials are turning to doves.

3. Us CPI announcement in March

This is one of the two major inflation indicators in the United States, after five consecutive declines in CPI data. Inflation data will be the strongest support for the Fed to raise interest rates. Inflation data also reflect the quality of the US economy. A stable inflation is crucial to the US economy. It can bring stable expectations to the market. So as to bring confidence to the investment of enterprises.

Tonight, Federal Reserve Chairman Powell will attend a closed-door meeting of the Democratic Party of the United States scheduled for April 10-12, a special summit of EU leaders to discuss Brexit, and a meeting between US President Donald Trump and South Korean President Moon Jae-in. EIA crude oil data and so on, Investors need to keep a close eye on it.

ECB
interest rate decisions
minutes of meetings
inflation

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