A strong dollar gives the Euro a chance to grow above the level of 1.15
Thursday, December 20, the Euro/dollar closed higher. High volatility persisted until the closing day. In the first half of trading in Europe the Euro rose in price to dollar to 1,1486 amid General U.S. dollar weakness. Pressure on the greenback was supported expectations that the fed will slow the pace of rate hikes.
In the U.S. session, the dollar index started a correction. The sellers almost completely blocked the daily growth, but to consolidate its success could not. The Euro fell to 1,1402, then rose to 1,1485.
With the opening of the American session, you need to look for the dynamics of yield of us bonds. If sellers around the 1.15 level of struggle is not, then preparing for the “hike” to 1,1550. The road to open. If the recovery is sluggish, it is not necessary to exclude the price returns to 1,1428/30. Buyers have approximately five hours to get to 1,1488.
At 10:45 GMT France announced a change in the volume of consumer spending for November and GDP.
At 12:30 GMT the UK will report the change in the balance of payments, total investment and GDP for the third quarter and net volume of borrowings of the public sector in November.
At 15:00 GMT UK will release the quarterly Bulletin of the Bank of England.
At 16:30 GMT Canada will report on changes in GDP and retail sales for October, USA — changing the volume of orders for durable goods in November, GDP for the third quarter and the change in the personal spending and income for November.
At 18:00 GMT in Canada will the review of the prospects of the Bank of Canada business for the fourth quarter. The U.S. will release the consumer sentiment index from the University of Michigan in December. The Eurozone will release the consumer confidence for December.
At 21:00 GMT Baker Hughes will publish a report on the number of active drilling rigs in oil production.