The broad US dollar remained under pressure on Friday and will end this week on a bearish note as investors digest the Bank of England’s (BOE) unexpected interest rate hike and the European Central Bank’s (ECB) shift to a more hawkish attitude.
Looking ahead to the coming week, the series of retail sales, the minutes of the Monetary Policy Meeting, and CB Consumer Confidence are likely to generate enough news to keep the markets moving. Apart from that, geopolitical and Omicron coronavirus variant headlines will be actively monitored, as they may significantly determine market risk levels.
1 – China PBoC Interest Rate Decision – Monday – 01:30 GMT
On Monday, December 20th, at 01:30 GMT, the People’s Bank of China will make an interest rate decision.
2 – Monetary Policy Meeting Minutes – Tuesday – 0:30 GMT
3 – CB Consumer Confidence – Wednesday – 15:00 GMT
The Consumer Confidence Index for the United States will be released on Wednesday, December 22nd, at 15:00 GMT.
4- CAD Gross Domestic Product (MoM) – Thursday- 13:30 GMT
On Thursday, December 23rd, at 13:30 GMT, Canada’s Gross Domestic Product (MoM) will be released.
ACTUAL: 0.1 %
5 – US Core Personal Consumption Expenditures – Price Index (MoM) – Thursday – 13:30 GMT
On Thursday, December 23rd, at 13:30 GMT, the US Core Personal Consumption Expenditures – Price Index (MoM) will be released.
6 – Australia Retail Sales – Friday – 00:30 GMT
On Friday, December 24th, at 24:30 GMT, Australia’s retail sales s.a. (MoM) will occur.
ACTUAL: 4.9 %
CONS: 2.5 %