FX.co ★ Trading Plan 12/17/2018

Trading plan 12/17/2018

The big picture: We are waiting for the Federal Reserve meeting on Wednesday, December 19th.

Important news of last week has not yet warmed up the market enough for a strong movement.

Perhaps the market will receive an impetus on Wednesday, December 19, at the Fed's decision on interest rates - we expect the Fed to raise the rate +0.25%, but it is important what the Fed forecast for the economy will be - it will be clear whether the Fed will stop raising the rate right now or continue the hike.

Pound: The issue of an agreement with the EU is likely to be postponed until January - the deadline for voting in the House of Commons of Britain (deadline) - is postponed until January 21.

The pound looks ready to turn upwards.

We are ready to buy from 1.2690.