An exciting opportunity to trade the EUR

An exciting opportunity to trade the EUR

The European Central bank will have a press conference at 15:30 MT time on December 13.

The press conference is scheduled 8 times a year and comes out about 45 minutes after the announcement of the main refinancing rate. The EUR tends to be highly volatile during this event, as the ECB president Mario Draghi will provide comments on the future monetary policy. As it is already known, the ECB plans to taper its quantitative easing policy. That is why the further hints on this issue are expected.

• If the ECB comments are positive, the EUR will rise.

• If the ECB comments are negative, the EUR will fall.

Check the economic calendar

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The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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