This week of December is going to be calm from the point of statistics and events – everything that had to be decided upon, has already been solved and approved. However, market volatility will reamin high due to coronavirus fears.
Central banks: a time for a pause
This week, only the Central bank of Thailand will organize a conference, and the monetary policy must remain without serious changes. On the whole, all financial decisions have been made this year, and for risky assets this is good news.
USA: check out the GDP
This week, the USA will publish a revised GDP report for Q3. The forecast suggests growth by 2.1% q/q. The better the results, the more fundamental support the USD will get.
USD: there are reasons to check the statistics
Apart from the GDP, this short week – minus Christmas Eve on Friday – the USA will publish the population earning and spending in November, prelim durable goods orders, alongside the final Consumer Sentiment Index by the University of Michigan in December. Confident earning and spending can support the USD quite a bit.
GBP: statistics can be a nasty surprise
This week, Great Britain will publish one more GDP report, business investments indicator, payment balance, CBI retail prices, and production order balance. Some say that the main chunk of the statistics will be weaker than expected due to some troubles inside the British economy. This can send another blow on the GBP.
JPY: all eyes on inflation
Japan is getting ready to publish the base inflation report. A decline in consumer prices is a real problem in the country; hence, the JPY will enjoy any good results. Normally, the yen neglects the statistics but inflation can be important for investors.
The post A Week in the Market (20.12 – 26.12): Things Are Going to Be Calm appeared first at R Blog – RoboForex.