Traders may keep a watchful eye on this week's GDP, earnings, and unemployment rate releases. Some market watchers might prepare for any potential trading opportunities these upcoming news events may bring. Here is what to expect in the markets this week.
The U.S. Dollar hit a 3-month high on Wednesday against the Euro as U.S. CPI figures for June pointed towards higher than expected inflation.
The Dollar index, which measures the Dollar against a basket of six major currencies, fell to its lowest point since February after the U.S. Nonfarm Payroll report on Friday.
The European Central Bank meets today to decide whether or not to change the Euro interest rate and to provide guidance on the organization’s plans for quantitative easing. Will it continue its dovish monetary policies as Europe's economy recovers?
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