Important upcoming events and publications for December, 12 (GMT):
09:00 The EU Industrial Production rarely causes a big surge in EUR volatility. However, markets turn their focuse to the regional data now, as it can shed light on the ECB’s rate policy.
13:30 US Consumer Price Index is closely monitored by the markets, as it may influence the Fed’s policy. The annual growth is expected to slow down from 2.5% to 2.2%. This publication can affect the USD dynamics if it deviates from the forecast.
15:30 US Weekly Oil Inventories significantly affect the Brent and WTI quotes. A week earlier, we have seen the first decline in inventories after 10 weeks of growth. This fact has supported the Oil. The confirmation of reverse of the trend can support Crude prices.
See the detailed Economic calendar here
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