New review of events in the upcoming week

Last week, the US dollar weakened against a basket of world currencies.

The dollar index (#DX) moved away from annual highs and closed in the negative zone.

The Fed, as expected, raised the range of the key interest rate by 25 basis points to 2.25-2.50%.

However, investors were disappointed by the news that the planned number of rate increases in 2019 was reduced from three to two.

Political tension in the White House put additional pressure on the US currency.

The Bank of England and the Bank of Japan kept the key marks of monetary policy at the previous levels.

In the upcoming trading week, we recommend paying attention to the following macroeconomic events.

Wednesday, December 26th

On Wednesday, the Bank of Japan monetary policy meeting minutes will be published at 01:50 (GMT+2:00).

Thursday, December 27th

On Thursday, investors will assess economic reports from the United States:

  • CB consumer confidence index at 17:00 (GMT+2:00);
  • New home sales at 17:00 (GMT+2:00).

Friday, December 28th

On Friday, we expect pending home sales index in the US at 17:00 (GMT+2:00).

We also recommend paying attention to the speech by Fed Chairman.

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