Today, investors are focused on the EU and the ECB meeting, which is expected to bring news of additional measures to stimulate the EU economy. The rate may also be revised, although the probability that this will happen today is low. However, the euro has been under pressure as today's meeting approaches, and also given the latest macroeconomic reports showing the continued economic downturn in the EU's leading economies. In particular, today it became known that the consumer price index in Germany and Switzerland declined by 0.2% in August, although these indicators are in line with forecasts. The results of the ECB meeting and a press conference are expected in the middle of the day. Therefore, the volatility for currency pairs with the euro will be very high today.
In the US today data on inflation will also be published, as will the number of applications for unemployment benefits, and from Canada we expect the housing price index. Given the latest reports on the Canadian economy, it can support the CAD, which was under pressure yesterday amid lower oil prices.
Gold returned to the 1500+ zone today after yesterday's decrease due to reduced tensions in international trade and the probability of the US easing sanctions against Iran. However, the demand for risky assets remains high, s a rapid recovery in gold prices is unlikely.
