FX.co ★ Trading Plan 12/19/2018

Trading Plan 12/19/2018

The big picture: The market is waiting for the Fed.

Today, the Fed will publish a decision at 18.00 London time on interest rates e a new forecast for the state of the US economy for the next three years including interest rates, GDP growth, and inflation. The forecast is issued every six months.

The Fed will raise the rate by + 0.25% from 2.0-2.25% to 2.25-2.5% as expected.

However, the market widely expects the Fed to further take a pause in the rate hike.

This will probably be stated in the text of the Fed statement - or it will follow the Fed forecast.

Pound: We are ready to buy the pound from 1.2710.