Due to the anticipation of a dovish hike from the Fed today, we noted that the popular USD remains weak. Trading areas are yet moderately tight for the time being with EUR/USD in the 30 pips range.
Nevertheless, the major pairs are currently expanding near the tops versus the greenback. In the meantime, stock market feeling is somewhat mixed with the Shanghai Composite trading at the low, down by 1.1 %. The Nikkei is ending the trading day with more than a 0.5% drop.
The Reason for Crude's Fall
Daily Analysis - 19/12/2018