Economic Calendar 10 December

Currency: EUR

Volatility: High

ECB press conference

The European Central Bank is holding a monthly press conference following the announcement of the minimum rate. The conference lasts about an hour and consists of 2 parts: First - a prepared statement is read out, and then the conference and answers to press questions. Questions often provoke answers that entail market volatility. The press conference is broadcast on the ECB's website and is the main method of communication between the ECB and investors. Provides the most important information about the factors affecting the interest rate, as well as the economy as a whole. If the statements are louder than expected, that is good for the euro.

Currency: EUR
Volatility: High

ECB lending rate
Fact - 0.25% Pre - 0.25%

The rate of lending on margin at which the Eurosystem grants overnight loans to banks. It is one of the main interest rates in the euro area set by the Governing Council of the ECB.

Currency: USD
Volatility: High

Number of initial applications for unemployment benefits

Fact - 712K Forecast - 775K
Prev - 787K

Unemployment Claims determines the number of people who applied for unemployment benefits for the first time during the past week.
The weekly data is quite volatile. Typically, a change of at least 35,000 signals a significant change in job growth. Readings above expectations are seen as negative / bearish for the USD, while readings below expected indicate positive / bullish direction for the USD.

Currency: USD
Volatility: High

Core Consumer Price Index (CPI) MoM (Nov)

Fact - 0.0% Forecast - 0.2%
Pre - 0.2%

The core consumer price index reflects changes in the price of goods and services, excluding food and energy. The CPI reflects the change from the point of view of the consumer. It is a key way to measure changes in purchasing and inflation trends in the United States. Indicators higher than expected are seen as positive / bullish for the USD (a common way to fight inflation is to raise rates that can attract foreign investment), while data below the forecast negatively affects the USD exchange rate.

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