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• The Week Ahead: 13th – 17th December 2021

The Week Ahead: 13th – 17th December 2021

Overview for the Week Ahead

Investors this week are set to focus on the Federal Reserve’s final monetary policy decision of 2021, which may include more signalling of a monetary policy adjustment amid elevated inflation and a strengthening economic backdrop.

Members of the Federal Open Market Committee are set to hold their two-day policy-setting meeting on Tuesday and Wednesday, after which they will release their monetary policy statement and hold a press conference with Federal Reserve Chair Jerome Powell. The December statement will also be accompanied by an updated Summary of Economic Projections — the first since September — outlining members’ expectations for economic conditions and interest rates over the next few years.

One key piece of economic data out this week will be November retail sales, offering a look at the strength of the consumer amid the holiday shopping season.

Stock prices in London are seen opening higher on Monday, after gains by Asian equities, with markets upbeat ahead of a key week for central bank decisions and despite virus worries.

The pound was quoted at USD1.3232 early Monday, down slightly from USD1.3235 at the London equities close on Friday.

The target for giving every adult in England a booster jab has been brought forward by a month over fears of a “tidal wave of Omicron” that could cause “very many deaths”. We are expecting many releases from the UK with this, will they be affected by the latest mutation of the virus? We will find out in the coming days.

This Week’s High Impact Events

The times below are GMT +2.

Monday 13^th December

• 19.00 – UK – Bank Stress Test Results

Potential instruments to Trade: UK Crosses. 

• 19.30 – UK – BoE Gov. Bailey Speaks

Potential instruments to Trade: UK Crosses. 

Tuesday 14^th December

• 15.30 – US – PPI & Core PPI m/m

Potential instruments to Trade: USD Crosses. 

• 21.00 – New Zealand – RBNZ Gov. Orr Speaks

Potential instruments to Trade: NZD Crosses. 

Wednesday 15^th December

• 09.00 – UK – CPI y/y

Potential instruments to Trade: GBP Crosses.

• 15.30 – Canada – CPI m/m

Potential instruments to Trade: CAD Crosses.

• 15.30 – US – Core Retail Sales & Retail Sales m/m

Potential instruments to Trade: USD Crosses.

• 19.00 – US – FOMC Economic Projections, FOMC Statement, & FOMC Press Conference

Potential instruments to Trade: USD Crosses. 

• 23.45 – New Zealand – GDP q/q

Potential instruments to Trade: USD Crosses. 

Thursday 16^th December

• 01.30 – Australia – RBA Gov. Lowe Speaks

Potential instruments to Trade: AUD Crosses.

• 02.30 – Australia – Employment Change & Unemployment Rate

Potential instruments to Trade: AUD Crosses.

• 10.30 – CHF – SNB Monetary Policy Assessment & SNB Policy Rate

Potential instruments to Trade: CHF Crosses.

• 10.30 – EUR – German Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: EUR Crosses.

• 11.00 – CHF – SNB Press Conference

Potential instruments to Trade: CHF Crosses.

• 14.00 – UK – Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Monetary Policy Summary, & Official Bank Rate

Potential instruments to Trade: GBP Crosses.

• 14.45 – EUR – Main Refinancing Rate & Monetary Policy Statement

Potential instruments to Trade: EUR Crosses.

• 15.30 – Europe – ECB Press Conference

Potential instruments to Trade: EUR Crosses.

Friday 17^th December

• No High Impact Events

There are medium impact events from Japan, Europe, and the US.

If you have any questions, please email our Education Centre.

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