Important upcoming events and publications for December, 21 (GMT):
09:30 Final estimate for U.K. GDP and Current Account Balance in 3Q18 data can spur the volatility in pairs with GBP in case of deviations from the forecast.
13:30 U.S. Durable goods orders can affect the USD pairs, as well as the stock markets. On average, analysts expect an increase by 1.8% in November, after a decline by 4.4% a month earlier. Weak data can cause some pressure in the markets.
15:00 U.S. Personal Income and Outlays data are important indicator of consumer activity. Moreover, Core PCE Price Index used by Fed to access inflation trends. It is expected increase in Incomes and outlays by 0.3%, as well as the acceleration of the Core PCE Price Index to 1.9% y/y. Stronger data will come as a surprise and is able to support USD.
See the detailed Economic calendar here
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