DAILY MARKET OUTLOOK on Major
Update Time: 19 Dec 2018 05:30 GMT
EUR/USD - 1.1379
Although yesterday's anticipated gain to a 1-week high of 1.1402 (Europe) suggests choppy trading inside recent broad range of 1.1267-1.1443 would continue with upside bias, subsequent retreat to 1.1350 in New York would bring sideways swings before up, loss of momentum would cap price below last week's high at 1.1443 ahead of key Fed's rate decision.
On the downside, below 1.1330/37 sup signals top is made and risk would shift to the downside for weakness to 1.1300, break, 1.1270/75.
Data to be released on Wednesday :
New Zealand Westpac consumer survey, current account, Australia Westpac leading index, Japan exports, imports, trade balance, all industry activity index, Germany producer prices, UK DCLG house price index, CPI, RPI, PPI input prices, PPI output prices, EU construction output.
Canada CPI, and U.S. MBA mortgage application, current account, existing home sales, Fed interest rate decision.
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