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The most important upcoming events and publications for December, 17 (GMT):

πŸ‡ͺπŸ‡Ί 10:00 EU Consumer Price Index rarely causes a big surge on the #EUR volatility. However, last few weeks, markets have focused on regional data, as it can shed light on the ECB's rate policy.

πŸ‡¬πŸ‡§ 11:00 U.K. CBI Industrial Orders is expected to indicate a slowdown, dropping from 10 to 6 points. A sharper decline can put some pressure on the #GBP course, due to fears of spreading the negative Brexit impact.

πŸ‡ΊπŸ‡Έ 13:30 U.S. Empire State Manufacturing Index was on the rise for past several months, reflecting production growth. However, investors and traders are fearing that any slowdown may put serious pressure on #USD.

Visit https://fxpro.news/economic-calendar/ for more details.
#EURUSD is now trading near 1.13, an important support level of the recent months. Falling under this mark may be the beginning of a new pair decline. Over the past three years, such failures have ended with falls to 1.05.
Strong data against Fed’s softness

The November’s strong Retail Sales and Industrial production reports makes harder to Fed to soften its monetary policy stance

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⚠️ News alert!

At 10:00 GMT EU Consumer Price Index will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
⚠️ News alert!

At 11:00 GMT U.K. CBI Industrial Orders will be published. This data may affect GBPUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
⚠️ News alert!

At 13:30 GMT EU U.S. Empire State Manufacturing Index will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Wave Analysis: Platinum is expected to fall further and re-test the next support level 780.00
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Wave Analysis: AUDCHF is expected to fall further and re-test the next support level 0.7100
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Important upcoming events and publications for December, 18 (GMT):

πŸ‡©πŸ‡ͺ 09:00 German IFO Business Indicator in decline in the preceding 3 months. December data is expected to confirm this trend, dropping from 102 to 101.8. Significant deviations from the forecast can cause a surge in #EUR volatility.

πŸ‡ΊπŸ‡Έ 13:30 US Building Permits are closely monitored by the markets. It is expected that this data will continue the downward trend since March. As the analysts consider, the number of housing starts in November set to remain almost unchanged. Significant deviations from the expectations can seriously affect the #USD quotes.

Visit https://fxpro.news/economic-calendar/ for more details.
Key US indices lost more than 2% on Monday, so the S&P500 closed at the lowest levels since November. Such anxiety, in our opinion, is caused by worries about the Fed's hawkishness, and is also associated with technical factors.
The Fed is able to stop the stock market’s decline

Softening of the Fed’s tone will be a negative factor for USD, and this time it is reasonable to expect that a shift in rhetoric could help beaten stocks, while the dollar may fell under pressure.

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Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers.
Bitcoin tries to interrupt its race to decline

We observed a similar rebound (albeit not confirmed by volumes) in November but rebound was short-lived and further sale-off push the cryptocurrencies to new multi-month lows.
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Wave Analysis: GBPNZD is expected to fall further and re-test the next support level 1.8150
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Wave Analysis: #WTI is expected to fall further and re-test the next multi-month support level 42.50
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Important upcoming events and publications for December, 19 (GMT):

πŸ‡¬πŸ‡§09:30 UK Consumer Price Index is able to cause a rapid movement of #GBP, in case of deviation from the expectations. Analysts, on average, predict slowdown from 2.4% to 2.3% yoy rate. More dramatic scenario will be considered as a sign of economical problems and will make some negative impact on the pound.

πŸ‡¨πŸ‡¦13:30 Canada Consumer Price Index is able to cause a violent #CAD movement, if the forecast is not released. Sharp slowdown of annual inflation from 2.4% to 1.8% is expected: that will be a sign of a cooling economy and may force the Bank of Canada to be more careful in the interest rates raising.

πŸ›’15:30 US Crude Oil inventories data could have a serious impact on #Brent and #WTI prices. Markets fear of Crude OIl supply glut, which puts pressure on the energy market, causing a more than 5% collapse in prices overnight.

πŸ‡ΊπŸ‡Έ 19:00 The US Fed Rate Decision is a central event of recent days and can cause a surge in global markets volatility - especially in #USD. The rate is expected to increase, but softer tone can support stock market and weaken the dollar's position.

Visit https://fxpro.news/economic-calendar/ for more details.
⚠️ News alert!

At 09:30 GMT U.K. Consumer Price Index will be published. This data may affect GBPUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money