Vantage uses cookies that are essential for our website to work. We also use optional analytical cookies to help us to improve our website and the services, content and ads we provide to you which you can accept or reject here. Please see our Cookies Policy for more information on how we use cookies.
CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.
With all eyes on the upcoming interest rate decision from the European Central Bank, investors will be carefully monitoring several big economic releases this week.
The Eurozone is set to release data on inflation, unemployment rates and manufacturing PMI this week, which is expected to guide the ECB in making its interest rate decision.
The European Central Bank raised interest rates for the first time in over 11 years in a bid to combat surging inflation levels, hiking its key interest rate by 0.5 percentage points to 0.0%. The central bank is looking at further rate hikes this year.
What do analysts expect of these reports?
Rising inflation has remained one of the key issues for the global markets in recent times. The annual inflation rate in the Eurozone also rose to a new record high of 8.9% in July, from 8.6% in June, and significantly higher than the 2.2% level a year ago. Analysts are expecting the inflation rate to have accelerated further to 9.1% in August, which might result in another big rate hike from the ECB.
The unemployment rate is also likely to increase to 6.7% in July, from 6.6% in the previous month. The annual producer inflation in the Eurozone, meanwhile, declined to 35.8% in June, from 36.2% in May. A further slowdown in the rate might provide some relief to investors.
Trade the EUR/USD pair using this economic data
The EURUSD pair, which hit parity in July, amid uncertain supply of energy from Russia and rising concerns regarding a global recession, might receive some support if these economic reports come in better than the consensus estimates. Get ready to make the most of market moves following the release of these big economic reports from the Eurozone.
Power your trading with Vantage Markets.
Open a RAW ECN account and start trading with spreads from 0.0 pips.
Fast & easy account opening
-
Register
Choose an account type and submit your application
-
Fund
Fund your account using a wide range of funding methods.
-
Trade
Access 1000+ CFD instruments across all asset classes on MT4
About us
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares.
With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices.
Vantage is more than a broker. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.
Empowering you to better trade on the right market opportunities. trade smarter @vantage.
