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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
Four Fed scenarios and one market

The dollar index on the decline for the 3rd day in a row amid rumors that the Fed will raise the rate, but would drastically soften its forecasts for monetary policy, inflation and GDP.

Read more on our view of possible scenarios and market reactions to them
Important upcoming events and publications for December, 20 (GMT):

πŸ‡¬πŸ‡§ 09:30 UK Retail Sales are under pressure, partly due to consumer anxiety around Brexit. The average forecast assumes a slowdown from 2.2% in October to 2.0% in November. Deviations from the forecast can have some impact on #GBP: a deeper recession will increase the negative impact on the currency.

πŸ‡¬πŸ‡§12:00 Bank of England monetary policy decision is in the market's focus on Thursday. Although changes are not expected, attention will be drawn to the accompanying statement. Since Brexit is not going smoothly, a more alert tone is expected, potentially affecting pairs with #GBP.

πŸ‡ΊπŸ‡Έ 13:30 U.S. Weekly Jobless Claims can affect the #USD course. Last week we saw , unexpectedly low figures, presumably due to time factors. Fresh data is expected to grow from 206K to 219K, corresponding to the average values ​​of the last three months.

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

At 12:00 GMT Bank of England monetary policy decision 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 U.S. Jobless Claims report 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
Fed’s surprise for the markets

The Fed raised the key interest rate as widely expected. But despite the fact that most of the market participants were ready for this scenario, the surprises could not be avoided. Tone of the FOMC was not so dovish as the investors hoped, initially sending the dollar into growth and triggering a sale on the stock markets.

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Strengthening Cryptomarket

This week may will be remembered for a reverse of crypto market to some optimism. Bitcoin has managed to get support at $3,300. Purchases are gradually gaining momentum, that allowed the price to exceed the $4,000 threshold. Needless to say that the BTC rebounds after an excessive oversold earlier.

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Wave Analysis: Brent Crude Oil is expected to fall further and re-test the next support levels 55.00 and 50.00.
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Wave Analysis: NZDCHF is expected to fall further and re-test the next support level 0.6650
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The worst quarter for stocks within β€˜the best year since the financial crisis’

Global markets continue to lose its positions and this quarter may become the worst for the US stock markets in the last 10 years amid Fed's Powell remarks that β€œthis is the best year since the financial crisis”

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Global markets continue to lose its positions. S&P500 lost 1.6% on Thursday. The futures for index losing another 0.2% on Friday morning
πŸ—“ Important upcoming events and publications for December, 21 (GMT):

πŸ‡¬πŸ‡§ 09:30 Final estimate for U.K. GDP and Current Account Balance in 3Q18 data can spur the volatility in pairs with #GBP in case of deviations from the forecast.

πŸ‡ΊπŸ‡Έ 13:30 U.S. Durable goods orders can affect the #USD pairs, as well as the stock markets. On average, analysts expect an increase by 1.8% in November, after a decline by 4.4% a month earlier. Weak data can cause some pressure in the markets.

πŸ‡ΊπŸ‡Έ 15:00 U.S. Personal Income and Outlays data are important indicator of consumer activity. Moreover, Core PCE Price Index used by Fed to access inflation trends. It is expected increase in Incomes and outlays by 0.3%, as well as the acceleration of the Core PCE Price Index to 1.9% y/y. Stronger data will come as a surprise and is able to support #USD.

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

At 09:30 GMT U.K. GDP report 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.