FOCUS OF THE WEEK!
Dear traders,
The second week of December will be full of statistics and significant events. This week, special attention will be paid to the results of the meeting of the Central Banks and GDP data.
On Monday, market attention will be focused on Japan and UK GDP data. If, according to Japan, a moderate decline is expected and it will have limited pressure on the Japanese yen, then a less noticeable slowdown is expected in the UK GDP, but in conditions with Brexit risks, this news may have a significant impact on the British pound. Tuesday is also full of employment data in the UK, which also significantly affects the pound.
On Wednesday, market attention will shift to data on US inflation, which, after very weak employment data in the US, will be perceived very sharply, especially against the backdrop of expectations of the US Federal Reserve rates hike, which is expected at the December meeting. On Thursday meetings of the National Bank of Switzerland and the European Central Bank will take place. The monetary policies of both Central Banks are likely to remain unchanged, but any statements and hints about changes in monetary policies may be keenly perceived by the market, especially regarding the ECB. On Friday a variety of data for Japan, China, the Eurozone and the United States will close the week .
The corporate reporting calendar for the week will be empty.
Of the fundamental factors, it is worth noting the situation with the trade relations between the United States and China, despite the fact that both sides are talking about maintaining agreements, the situation may change dramatically. (Anton Hanzenko)
Have a good trading week!
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