Expectations for the upcoming week
This week, the economic calendar will be filled with significant data, including the meetings of the world’s central banks, data on inflation and GDP. In addition, the Christmas and New Year holidays are so close, that makes this week actually the last complete trading week. Therefore, this week we should expect high volatility on the news and position correction before the holidays.
This week will be a very rich statistics, so it is worth highlighting the main. On Monday, there will be an inflation data in the eurozone, and on Tuesday the RBA meeting results will be published. These news are not expected to have a significant impact on the market, but it may limit trading in national currencies to some extent.
On Wednesday, the focus should be on inflation data in the UK and Canada, but the main event of the day and week will be the publication of the Fed’s report, which is expected to raise rates in the US and hints about the Fed’s future monetary policy.
On Thursday, attention will shift to the meetings results of the Central Bank of Japan and the United Kingdom, from which they do not expect changes in monetary policy. The information week on Friday will be closed by GDP data in the UK, USA and Canada, which will also significantly affect the national currencies of these countries. (Anton Hanzenko)
Read also: “Stock Indices : Asia-Pacific Region”
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