Market focus

On Wednesday, 19.12.2018, the economic calendar will reach its maximum saturation with news. Data on the trade balance of Japan will open the trades. A very negative statistics is expected, which, in turn, will put pressure on stock indexes.

In the European session, market attention will shift to an inflation data in the UK, from which they expect restrained negative dynamics.

The US session is full of data on inflation in Canada and sales in the secondary housing market in the United States. But the reaction to this news will be limited due to the expectations of the US Federal Reserve meeting results.

Despite the fact that from the December Fed meeting it is expeted rates hike by 25 b. p., this meeting also retains many of the risks associated with the further policy of tightening the US rates and direct criticism by Trump. At the same time, there is a possibility that in response to criticism from the US president, the Fed may suffer a rate hike.

Hanzenko Anton