From the standpoint of statistics and events, this week of December will be calm. Everything that needed to be resolved and approved has been done. Market volatility will remain high because of coronavirus concerns.
Time for a pause at the central banks
Only the Central bank of Thailand will host a conference this week. The monetary policy should not be altered. All financial decisions were made in this year's fiscal year. This is good news for those with risky assets.
USA: Check out the GDP
The USA will release a revised GDP report for Quarter 3. According to the forecast, growth will be 2.1% q/q. The more positive results, the greater the USD's fundamental support.
USD: There are many reasons to verify the statistics
The GDP will be published in this week's short week, minus Christmas Eve. In December, the USA will also publish the November population earnings and spending, prelim durable goods orders, and the final Consumer Sentiment Index from the University of Michigan. The USD can be supported by confident spending and earning.
GBP: Statistics can be a surprise
Great Britain will publish a second GDP report this week. It will also publish a business investments indicator, payment balance and CBI retail prices. Some believe that the majority of statistics will be less accurate than expected because of problems in the British economy. This could have a negative impact on the GBP.
JPY: All eyes on Inflation
Japan is about to release the base inflation report. The country's real problem is the decline in consumer prices. Therefore, any positive results for the JPY are likely. Normaly, the yen ignores statistics but investors can benefit from inflation.
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blog.roboforex.com/blog/2021/12/20/a-week-in-the-market-20-12-26-12-things-are-going-to-be-calm/
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