Before lunch, the situation on the market will be absolutely calm followed by the data on industrial production from Europe, where the expected growth rate should slow from 3.7% to 3.0%. After that, the text of the minutes of the ECB meeting on monetary policy will be published without anything new in it. The ECB clearly does not intend to begin to tighten its policy and does not plan to raise the refinancing rate in the foreseeable future. Thus, the single European currency will be under pressure.
Almost immediately after the publication of the ECB minutes of the meeting, American statistics are published. In particular, the growth rates of producer prices may slow from 3.1% to 3.0%. It is also expected that the number of initial applications for the benefit of the West will be reduced from 250,000 to 245,000 but, the number of repeat can grow from 1,914,000 to 1,915,000. European data.
The EUR/USD returned almost 100% of its original value after yesterday's rally. It is likely for the bearish interest to continue, reducing the quotation to 1.1925 / 1.1900, where a temporary support point is expected.
The GBP/USD currency pair continues its downward movement, overcoming yesterday's local minimum. Probably, this will move further towards 1.3440, where a temporary stop with a rollback is possible.
