No doubt the most important event of today’s session was Bank of Japan decision on interest rates about which more you could learn from the morning overview. The afternoon hours are characterized by peaceful pricing action and macro data with little impact on exchange rates. Much more interesting is situation in the US Dow Jones index, which spikes to new highs.
What where the key events of the day ?
During this day headlines in media were mainly about yesterday’s terrorist attack in Berlin. However, this did not affect the bullish sentiment which prevails in the markets, the German DAX have broken new highs.
Key topics and analysis are listed below:
- The morning market overview – Bank of Japan after the meeting. What about the yen?
- Danske: BoJ and the events in Turkey move markets
- RBA minutes-AUD to Strong ?
- EUR / USD testing the lows of 2003
- Citi waits for 0.7200 on AUDUSD
During today’s session, and practically at the end ( 22:45), we will have a packet of information from the New Zealand market, the most important of which relate to the trade balance of the country. The following complete list:
Dow Jones is heading in direction of level 20,000
As shown on the H1 chart below the Dow Jones rose today far north. This was a consequence of breaking the triangle formation. On the daily chart price action traders probably noticed several consecutive inside bars.
Currently, the price is heading towards historic highs to a round level 20,000. The behavior of Dow Jones Index in historical lookout clearly reflects annual chart, which includes data from the 1896-th year.
Preparation for the Wednesday session
The closer to Christmas the less important macroeconomic publications. What to keep an eye on during tomorrow’s session? Certainly major pairs with dollar may react to readings on the sale of real estate in the US, where analysts expect slight declines in value compared to the previous readings. In addition, late in the evening we’ll find out data showing economic growth in the third quarter in New Zealand.
The following table of important macro data for Wednesday’s session:
