12.09.201817:02 Forex Analysis & Reviews: The ECB is going to lower the forecast of growth of the countries of the eurozone

The ECB is going to lower the forecast for the growth of the eurozone countries.

According to unofficial information from officials of the ECB, the Central Bank of the euro area plans to slightly lower the outlook for the growth of the EU economy.

Reasons: The financial crisis in Turkey, the uncertainty of relations with Britain under the terms of Brexit and the general slowdown in world trade in connection with the Trump-China trade war.

These messages are important. Tomorrow, September 13, the ECB will announce a monetary policy. The ECB plans to stop injecting liquidity in December this year. In addition, the ECB had previously stated that it would not raise the zero rate until at least the summer of 2019. This is the focus of the market, on ECB rates.

Reports of a decrease in the forecast for the growth of the eurozone is a signal in the direction of a non-increase in the ECB rates, and, accordingly, an argument in favor of the European media.

Recall, the Fed meeting will be held on September 26. Most experts are confident in raising the Fed's rate despite Trump's calls not to raise the rate.

Picture: EUR / USD, 4-hour, at 12.30 London time.