The European Central Bank released the EU Main Refinancing Rate data in line with expectations of 0.00%.
According to Howard Archer, Chief Economic Advisor to EY ITEM Club, "ECB slightly trims its forecast of Eurozone GDP growth in 2019 to 1.7% from 1.8% seen in September. 2018 growth estimate cut to 1.9% from 2.0%. Growth still seen at 1.7% in 2020. 2021 growth forecast at 1.5%. Balance of growth risks broadly balanced but moving to downside."
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| Historical Data Table: Main Refinancing Rate | Economic Calendar for 13.12.2018 | ||||||||
| Date | 14.06.2018 | 26.07.2018 | 13.09.2018 | 25.10.2018 | 13.12.2018 | 9:00 AM | EU Flash Manufacturing PMI | ||
| Actual | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 9:00 AM | EU Flash Services PMI | ||
| Forecast | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13:30 PM | US Retail Sales m/m | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 06.12.2018 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.13779 | 1.13752 | -0.02% | EUR/USD | 45.67% | 54.33% | |||
| EUR/GBP | 0.89812 | 0.89808 | 0.00% | EUR/GBP | 29.66% | 70.34% | |||
| EUR/CHF | 1.1286 | 1.12861 | 0.00% | EUR/CHF | 71.85% | 28.15% | |||
| EUR/JPY | 129.054 | 129.025 | -0.02% | EUR/JPY | 42.46% | 57.54% | |||