Markets Have Started Week Stable

Forex News

The markets remained stable at the beginning of the week. World stock markets traded with growth, while oil prices also recovered.

The focus this week will be on the speeches of representatives of the Central Banks. The annual forum of the ECB will take place in Portugal. Mario Draghi will make a presentation on the prospects for monetary policy in the Eurozone.

The British pound has strengthened against the US dollar and traded in the range of 1.2700-1.2750. But still, the British currency remains volatile because of rising inflation and weak wage growth. The Australian dollar is strengthening against the backdrop of higher Iron ore and oil prices.