Important events for the cryptocurrency market on December 12 from the economic calendar. Today is the second most important day of the week for macroeconomics. Primarily due to the release of US production inflation data.
Overall at 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - the release of several data points, expect increased volatility.
Today's highlight will be the European Central Bank's decision on the interest rate. The Swiss National Bank, one of the important financial centers in the world, has already made its decision - they lowered the interest rate by 0.5 percentage points, exceeding expectations. Low interest rates = more liquidity for risk asset markets.
Schedule for the remainder of the day:
- 15:15 Kyiv time / 16:15 MSK / 18:15 Astana time - Decision on the European Central Bank's interest rate. ECB monetary policy statement. The euro plays one of the key roles in the calculation of DXY. Plus, this is partly a 'spoiler' for the US Fed's decision on December 18.
❗️- 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - Weekly number of initial jobless claims in the US. Important for the US Fed in its interest rate decision.
❗️- 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - US Producer Price Index and Core Producer Price Index (m/m) (November). Production inflation in the States, a leading indicator for US consumer inflation data for December.
- 17:15 Kyiv time / 18:15 MSK / 20:15 Astana time - ECB President Lagarde will deliver a speech.
❗️- 23:30 Kyiv time / 00:30 the next day MSK / 02:30 the next day Astana time - US Fed Balance. Quantitative tightening continues.
