It’s time to prepare for the upcoming ECB Interest Rate Decision. The EURUSD is long considered to be the least volatile forex pair.
But, when the ECB meets to decide on the Interest Rate for the Eurozone, this can change.
Did you know Darwinex uses the EURUSD as a reference in its calculating the D-Leverage?
The ECB reduced rates from 0.05% to 0.00% on March 10th 2016, and they’ve not budged since. On that day, the consensus was the ECB would keep rates the same, but they reduced them to 0.00%. This unexpected decision saw wild price action during and immediately after the event.
Since then, the ECB has been pretty predictable in keeping rates at 0.00%, which has meant minimal spikes in volatility.
Interest Rate Decisions always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.
Are you a news trader?
Or maybe a breakout trader?
If you plan to trade the ECB Interest Rate Decision, Tweet us how you plan to tackle the volatility storm should it surface!
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Content Disclaimer: The contents of this video (and all other videos by the presenter) are for educational purposes only, and are not to be construed as financial and/or investment advice.