The big picture: The market is ready for the dollar to fall.
Main theme: Completion of the Federal Reserve rate hike cycle.
Despite a strong labor market report, the Fed is ready for a long pause in rate hikes. The crisis around the US budget is a strong argument for stopping the Fed.
The latest data is a significant slowdown in the German industry (according to November data).
The most relevant is the Parliament of Britain and the fate of the agreement between Britain and the EU. Voting is scheduled for January 15th. Regular rumors – Brexit may be postponed (at the moment the exit of Britain from the EU should occur in March 2019).
Pound: We are ready to buy from 1.2720.
The material has been provided by InstaForex Company – www.instaforex.com
The big picture: The market is ready for the dollar to fall.
Main theme: Completion of the Federal Reserve rate hike cycle.
Despite a strong labor market report, the Fed is ready for a long pause in rate hikes. The crisis around the US budget is a strong argument for stopping the Fed.
The latest data is a significant slowdown in the German industry (according to November data).
The most relevant is the Parliament of Britain and the fate of the agreement between Britain and the EU. Voting is scheduled for January 15th. Regular rumors – Brexit may be postponed (at the moment the exit of Britain from the EU should occur in March 2019).
Pound: We are ready to buy from 1.2720.
The material has been provided by InstaForex Company – www.instaforex.com
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