Forex trading plan for Dec. 19
The FOMC meeting: a small step towards the rate hike, but it all depends on inflation.
- EUR/USD approaches the 2014 lows on the increased Fed hike expectations. Friday’s focus will be on the GfK German Consumer Climate (7:00 GMT).
USD/CHF, EUR/CHF: Swiss franc fell as the SNB introduced negative interest rates.
USD/JPY: recovered from support, next stop – the Bank of Japan’s meeting.
GBP/USD: tested 1.5540, but remains range bound.
- Commodity currencies recover versus the USD amid improved risk appetite.