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ECB: packing presents for the euro traders
The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time. After that, at 15:30 MT time, the ECB President Christine Lagarde will hold a press conference.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
This year has been tough for the Eurozone. Massive lockdowns and coronavirus pandemic have damaged the economy roughly. Most policymakers and institutions agree that the ECB should boost its support. For example, the International Monetary Fund suggests that the European regulator needs to expand its asset purchases and consider the relaxation of Targeted Longer-Term Refinancing Operations (TLTROs) and even a rate cut. Though the news on vaccines' development is quite optimistic, these measures are necessary for the economy's stabilization. Given these views, it's particularly interesting to hear the comments by the ECB president Christine Lagarde on possible changes to monetary policy.
- If the ECB is optimistic, the euro will be boosted.
- In case of an alternative scenario, the euro will go down.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!