ECB press conference: Lagarde speech live stream – July 16

Eren Sengezer FXStreet

Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 12:30 GMT.

Follow our live coverage of ECB's policy announcements and the market reaction.

ECB Preview: Gloomy Lagarde to weigh on EUR/USD.

The European Central Bank (ECB) is set to leave its policy unchanged and the focus is on its message to leaders ahead of the EU Summit. A balanced message that calls governments to act without sounding depressing would keep the euro bid, while a gloomy, helpless stance would push it down, FXStreet’s analyst Yohay Elam informs.

ECB Preview: 13 major banks expectations for today's meeting.

Today, the European Central Bank (ECB) is set to announce its Interest and Deposit Rate Decision at 11:45 GMT. The market consensus is for the ECB to stay on hold and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 13 major banks, regarding the upcoming ECB meeting. What’s more, the ECB is expected to leave its policy unchanged after adding €600 billion to its bond-buying scheme in June.

About ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro clings to the bid bias above 1.1500

EUR/USD has picked up pace, reversing Monday’s decline and advancing past the 1.1500 barrier on Tuesday. In the meantime, hopes for a diplomatic solution to the Middle East crisis keep the US Dollar under modest downside pressure, helping spot in its recovery.

Coinbase Bitcoin Premium Index extends historical negative streak as risk appetite deteriorates

The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000.

Why the WTI sell-off may be hiding a supply warning

Prices for the barrel of the American Oil benchmark have fallen sharply as hopes of a US-Iran agreement have resurfaced, but a deeply backwardated Oil curve, tight Cushing stocks and light speculative positioning all warn that the sell-off may have gone too far.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.