What is it? The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time.
It's the primary method the ECB uses to communicate with investors regarding financial policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future financial policy.
Usual Effect: If the conference is more aggressive than expected, you can expect the EUR to rise.
When? Today (2.10) at 08:30am Eastern Time.
Trading Tip: The announcement can greatly affect the EUR, make sure to make your trade before.
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