Daily Economic Digest from Forex

Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us

Thursday, December 15

Decision is made!
As expected, yesterday Fed after all
raised its interest rate by 25 basis points from 0.50% to 0.75%, the
thus greatly strengthening the US dollar in relation to its main
competitors. In addition, the Fed in its report which was presented immediately
after the announcement of the outcome of the meeting, expressed its "hawkish" 3 of intentions
the next rate hike next year, against 2 previously planned.
Also the head of the Fed Dzh.Yellen in an interview said that the rate increase is necessary
perceived as a stable state of the US economy. The dollar index
USA, which shows the general position of the dollar against its main competitors,
It rose today to the level of 102.58, again updating its 13-year highs.

Couple EUR / USD It continues to be traded
bearish, as investors are still discussing the "hawk" solution
The Fed's interest rate. Yesterday, the major currency pair dropped almost 200 pips
after it became known that the Fed still has raised rates by 25 basis
points. Currently the pair is trading at 1.0485, staying near
its 21-month low marked on the 1.0469 level during the Asian
session. Next, the euro will try to recover some of their positions in the case of
Pre positive. reports on the index of business activity in the manufacturing
sectors of the euro area, on the other hand, a tangible recovery is unlikely
in view of yesterday's events. Also today, the Bank of England will announce its decision
with respect to interest rates, which could also affect the couple.

Lb consolidating yesterday's fall in tandem with the US dollar near the 1.2550 level
pending a decision on interest rates from the Bank of England. Yesterday the GBP / USD pair
followed by general market sentiment, and fell by more than 2 pieces, updating
their two-week lows at around 1.2513 as the Fed raised its policy rate
up to 0.75%. Now all the attention of traders focused on the upcoming decision on
Bank of England interest rate, which is likely to leave everything as there is,
however, the minutes of the meeting released by the results of the meeting will be able to give
pound bullishness, particularly in the light of positive economic data UK
fixed recently.

It seems that
Swiss bulls were not impressed with the decision of the SNB's interest rate. AT
Currently the pair USD / CHF
It continues to trade above the level of 1.02, while consolidating yesterday
lift, completely ignoring the Swiss event. As expected
The Swiss National Bank left interest rates unchanged, failing to
cheer bears a pair as markets still remain under the influence
yesterday's Fed decision. Further data from the United States, submitted during the
North American session, the pair will be able to set the short-term direction, as long as
it will continue to trade under the influence of general market sentiment.

main
events of the day:

The volume of retail sales in the UK - 11.30 (GMT +2)

BA decision on interest rates - 11.30 (GMT +2)

Core consumer price index in the US - 15.30 (GMT +2)

index of manufacturing activity from the Federal Reserve Bank of Philadelphia -
15.30 (GMT +2)

The speech of the Bank of Canada S.Poloza - 18.15 (GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0391 C 1.0741

USDJPY P.
113.77 119.01 C.

GBPUSD P.
1.2407 C 1.2797

USDCHF P.
1.0030 C 1.0308

AUDUSD 0.7309 P.
S. 0.7571

NZDUSD P.
0.7018 C 0.7288

USDCAD P.
1.3002 C 1.3434

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