Wednesday 19th December: FOMC takes center stage today – expected to lift rates by 25bps to 2.25-2.50%.
The Fed is expected to lift rates by 25bps to 2.25-2.50%, with risks the hiking trajectory could be narrowed. The tone of the statement and Chair Powell’s press conference is expected to tilt dovish, reflecting a data-dependent FOMC.
Tuesday 18th December: US housing data eyed.
A fading US dollar on the back of significantly weaker-than-expected Empire State manufacturing and NAHB indices, as well as US President Trump renewing his criticism on the Federal Reserve.
Monday 17th December: Weekly technical outlook and review.
US equities sustained additional loss over the course of last week, despite an earnest attempt to reclaim control of the 2018 yearly opening level at 24660.
Friday 14th December: Slew of European manufacturing data eyed in early London today – remain vigilant!
The ECB stood pat on rates and confirmed the conclusion of QE whilst maintaining their guidance on rates
Thursday 13th December: ECB monetary policy decision eyed ahead of US open.
UK PM May survived a no confidence motion against her leadership Wednesday, winning the vote by 200 - 117. The vote represented a comfortable victory.
Wednesday 12th December: EU unwilling to re-open Brexit negotiations drags pound sub 1.25 – what’s the next play here?
The single currency relinquished further ground to the US dollar Tuesday, recording its second consecutive daily loss.
Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.
EUR/USD: After decisively running stop-loss orders above H4 resistance (yellow) at […]
Monday 10th December: Weekly technical outlook and review.
EUR/USD: Weekly Gain/Loss: +0.38% Weekly Close: 1.1393 Weekly perspective: The single […]
Friday 7th December: US employment figures eyed – expect volatility.
EUR/USD: Swarmed by an almost clean sweep of sub-forecast US employment […]
