What To Watch Over The Holiday

What To Watch Over The Holiday

Last week, the Federal Reserve raised interest rates by a quarter point. However, the Fed reduced their 2019 median forecast for interest rates to 2.9% from a previous estimate of 3.1%, hinting at two rate hikes in 2019. That's below the three rate hikes previously indicated in the Fed's September projections.

In the upcoming week, the US markets will close early on Monday and remain closed for Tuesday. Trading volumes are expected to remain light due to the Christmas holiday. Still, CB Consumer Confidence, New Home Sales and Pending Home Sales will be published in the US.

The US CB Consumer Confidence measures the level of consumer confidence in economic activity which is expected to see an outcome of 133.7. US New home sales are expected to rise to 2.5% in November from -8.9%, a fall in the previous number. The US Pending home sales will also be followed by the market and are predicted to rise to 0.5% m/m in November from a -2.6% fall in October.

Moreover, the German Consumer Prices index is estimated to come out at 2.0% in November, which is lower than the previous number of 2.3%. A lower than expected reading should be taken as negative for the Euro.

24 Dec 18 (Mon)

06:21 am



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