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18.12.2024: USD pulling back ahead of FOMC interest rate decision. Daily outlook for DXY, EUR, Brent
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Markets are holding their breath ahead of the Federal Reserve's interest rate decision. Almost all major instruments have been trading sideways over the past 24 hours. Market sentiment will depend on this policy meeting.
It is not about the next level of the funds rate—there is no mystery there. It is clear that the key interest rate will be cut by 0.25% today. Even forecasts for further rate cuts will also be downgraded. The only question is: by how much?

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00:00 INTRO
00:36 US FED DOT PLOT
01:17 USDX
01:38 EUR | USD
02:45 CHRISTINE LAGARDE
03:06 USA AND EU
03:36 BRENT
05:02 USD | RUB
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সম্পাদক কর্তৃক নির্বাচিত
Ridge of skyscrapers which have changed the horizon line forever and multilevel highways - all this is Dubai, administrative and commercial center of the United Arab Emirates. In this multicultural metropolis the aspiration to permanent modernization and high technology desire coexist peacefully with religiosity and traditional way of life. InstaForex Company venerates traditions as well. Special for Islam adherents there were established swap free accounts.
Furthermore, Dubai is the world's biggest gold trade center. The famous golden bazaar numbers over 1000 gold stores. Jewelry is tax free, so gold purchase is a very beneficial cash injection. The "Golden city" with its centuries-long history is a financial hub of universal importance and a place for high-grade business appointments.
Artur Uryupin, analyst at InstaForex: "A tendency for traders to sit in front of the monitor is disease of all newcomers". (ShowFx World Conference in Yekaterinburg)
Trader’s calendar on December 26-27: Majors to lose value amid USD strengthening
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