There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
Another opportunity to trade the USD
The level of American CB consumer confidence will be published on December 27, at 17:00 MT time.
It's a survey of about 5 thousand households which asks the respondents about the current and future economic conditions. This is a leading indicator of consumer spending, which represents the majority of the overall economic activity.
• If consumer confidence is higher than the forecast, the USD will rise;
• If consumer confidence is lower than the forecast, the USD will fall.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
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