Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
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.
Read the report to know the latest news and get the tech analysis of EUR/AUD, EUR/USD, and USD/JPY!
US President Joe Biden is expected to unveil a huge infrastructure package today, which will add fresh volatility to markets. Read to get fresh trade ideas!
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.