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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.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
Levels for Wednesday's trading
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
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