A new week of December will carry along a flow of statistics after the conferences of Central Banks. Plenty of news is expected.
US Fed: at the advance scene of the week
The crucial event this week is a conference of the US Federal Reserve System. The interest rate will remain somewhere close to zero, yet the market is more interested in decisions around winding up stimulation faster. The clearer landmarks the market will see, the more support will be given to the USD.
US statistics: there are things to check out
Apart from other things, the USA this week will present retail sales statistics for November, new home sales, and industrial production alongside Markit manufacturing PMI for December. Strong statistics will support the USD.
Central Banks: the time has come
This week, conferences will take place in the Central Banks of Japan, Azerbaijan, England, Indonesia, Mexico, the Philippines, Switzerland, Turkey, Taiwan, Norway, and Chile. On the whole, no crucial changes in the monetary policy are expected with the only possible exception being Turkey. The calmer the news, the better for risky assets.
Brent: IEA and OPEC reports
The International Energy Agency and OPEC will publish their monthly commodity market overviews at the beginning of the week. The greatest interest is taken in supply and demand parameters. The more confident the reports will look, the better this will be for oil.
ECB: a new conference
The European Central Bank will hold a new conference, and the expectations are rather neutral. The interest rate and monetary policy are unlikely to change but take a look at inflation forecasts and general recovery expectations after the pandemic. Stable expectations might support the EUR.
The post A Week in the Market (13.12 – 19.12): Time for Central Banks appeared first at R Blog – RoboForex.