Dollar steadies while signaling future Interest Hikes, UK Data shifts to Centre Stage

Daily Updates 20th December 2018

Yesterday’s Market

• GBP Consumer Price Index
• CAD Consumer Price Index
• US Fed Interest Rate Decisions, Monetary Policy Statement & Economic Projections.

Yesterday’s Explained

The Common pairs moved to the downside after the Federal Reserve delivered a “dovish” rate hike. In the Brexit front, PM May has repeated that she is working with the EU to get the reassurances that the Parliament wants to pass the deal, something that will probably happen by the ends of June.

Today’s Market

•                 JPY BOJ Interest Rate Decision & Press Conference
•                 GBP Retail Sales, Interest Rate Decision & Monetary Policy Summary
•                 USD Initial Jobless Claims

Today’s Explained

Latter part of the week picks up momentum on Economic reports and Bank of Japan will release their Interest Rate Decision & Press conference to follow with.

Later on by Mid-day UK will release their Retails Sales, Interest Rates which analysts forecast will remain the same & Monetary Policy summary all of which will be important to look forward post Theresa May’s Vote survival on the Parliament last week.

Finally to conclude the busy Day US will release their Initial Jobless Claims which will be significant indicator of their current Job Sector market