Podstawowa analiza

December FOMC minutes in the global spotlight, the optimism on US-China trade negotiations put pressure on USD dollar

The December FOMC decision was somewhat controversial. Despite the higher risks and US economic instability in the fourth quarter, Fed did not respond to market concerns and raised the rate. Today, investors will focus on the publication of the reports on the last meeting and some US political speeches. Markets pin their hopes on a more “dovish” outlook from the central bank this year.

On Wednesday, global stock indices are rising as the US and China completed the third day of trade negotiations on an optimistic note, paving the way for high-ranking officials to reach an agreement later this month.

In general, global stocks continue the New Year rally amid the return of interest in risk. The MSCI Asia Pacific Index is growing for the fifth session in a row. Dow Jones Stoxx in Europe is growing its second consecutive session in a row, which he managed to do only once in the last month.

In Europe, amid the light economic calendar, the market retains an emphasis on Brexit. The risks of a negative development are still putting pressure on the GBP / USD pair.

Germany reported for the November trade figures. The surplus rose to 20.5 billion euros from a revised surplus of 18.9 billion euros in October. The increase was due to a decline in imports by 1.6% and a decrease in exports by only 0.4%. Exports rose 0.3% in the EU, but fell 0.4% outside Europe. The trade balance on average was 20.2 billion euros in 2017 and an average of about 19.4 billion euros in 2018.

On the FOREX market, the US dollar looks much heavier, as US dollar index fell to four-month lows - 94.95 points. For most of the session, the euro quietly traded within yesterday’s ranges. But ahead of Wall-Street start, EUR / USD pair rushed up, reaching new local highs around $ 1.15. Sterling is within yesterday's ranges and accumulates volumes to overcome the mark of 1.27 dollars