The Euro is “crawling” down. Overview for 15.01.2019

The major currency is trading downwards on Tuesday; investors are waiting for the news. 

On Tuesday afternoon, EURUSD is falling quite actively. The current quote for the instrument is 1.1428.

There is no any special catalysts for sellers. It looks like investors are just trying to balance the pair in anticipation of the news. 

Earlier today, the European Central Bank asked the banks to pay back their loans completely by 2026. This is especially vital for Italian banks, which may give some very unpleasant surprises. According to the ECB, Italian banks have more loans than everybody else and these loans have to be serviced.

The European trading session is currently focused on the vote in the British Parliament and investors obviously prefer to save their strengths. 

A bit later, the USA will report on the PPI in December. In the previous month, the indicator added 0.1% m/m while the current market expectations are -0.1% m/m. The Core PPI is expected to expand by 0.2% m/m, which is a bit less than in November. 

At 15:00 GMT, the ECB President Mario Draghi is scheduled to deliver a speech.