Dollar loses ground ahead of Fed Monetary Meeting

Daily Update - 18th December 2018

Yesterday’s Markets

• Euro Consumer Price Index

Yesterday’s explained

Despite the Negative results of Euro Consumer Price Index the common currency pushed through the Barriers against the Dollar after Market lost its anticipation of Fed Reserve Policy & Stronger Economic Projections for the year of 2019.

Today’s Market

• Euro IFO Business Climate & Expectations
• USD Building Permits

Today’s explained

Tuesday will be bit more busier than Monday with Euro IFO Business Climate & Expectations reports being released from Germany, which will be a significant indicator on their Current Business Trends and expected outcome for the 1st Quarter 2019.

To conclude the day US will release their Building permits reports which is strong indicator on the current New Building purchases and it’s Housing Market Index which is the largest component in the US GDP.