Wednesday December 19

2018-12-18

On this day there will be a lot of UK news, a large block of statistics is published. Inflation data will be released. The reaction to this news is hard to predict. Everyone expects growth, but how it will be perceived against the background of Brexit, no one can say.
Major events in the Forex market turn around at night, the Fed rate will be raised, which should cause a strengthening of the US dollar.
However, traders will follow the comments of FOMC members, paying attention to future interest rate policies. Having received evidence of a weakening of the hawkish course, bidders may, at subsequent sessions, make an attempt at a global reversal of the EUR / USD rate. Recall that Jerome Powell previously hinted at such a possibility as a response to the predicted decline in the country’s GDP in 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *