Feb 20, 2020
The European Central Bank Minutes
The main focus will be on the economic conditions in the Eurozone. The report may give some hints about the first signs of the coronavirus impact on the EU economy. EUR/USD is at a five years low. Even though the ECB will probably keep the interest rate on hold, the paralyzed production in China, together with the post Brexit impasse, could push the EURUSD to new lows.
Apple announced this week that it would not reach its revenue target because of coronavirus. However, the market remained generally positive on Apple. In 2019, Apple shares gained 86% despite the trade war, while the S&P 500 rose 30% and the Nasdaq climbed 36%. The expectation is that Apple will surpass the outbreak crisis along with the entire stock market which is at all-time highs.
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