Trader, analyst and instructor with a 6-year experience

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. 

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