The Week Ahead: 20th – 24th December 2021

Overview for the Week Ahead

Investors will closely monitor reports in a packed economic release schedule this week leading up to the long holiday weekend.

The stock market will be closed all day on Friday in observation of Christmas Day, which falls on a Saturday this year. The U.S. bond market is also set to close early on Thursday at 21.00 GMT+2, and close entirely on Friday as well.

In the days ahead, inflation data will be a central focus. This will especially be so following the Federal Reserve’s latest monetary policy decision and updated economic and interest rate outlooks, which showed the central bank now sees the potential for three interest rate hikes in 2022, based on the central bank’s Summary of Economic Projections. And that updated forecast, as well as the Fed’s decision to accelerate its asset-purchase tapering process moving forward, came as the central bank observed “the strengthening labour market and elevated inflation pressures” in the recovering economy.

This Week’s High Impact Events

The times below are GMT +2.

Monday 20th December

  • No High Impact Events

Tuesday 21st December

  • 02.30 – Australia – Monetary Policy Meeting Minutes

Potential instruments to Trade: AUD Crosses. 

  • 15.30 – Canada– Core Retail & Retail Sales m/m (Medium Impact)

Potential instruments to Trade: CAD Crosses. 

Wednesday 22nd December

  • 15.30 – US – Final GDP q/q (Medium Impact)

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – CB Consumer Confidence. & Existing Home Sales (Medium Impact)

Potential instruments to Trade: CAD Crosses. 

Thursday 23rd December

  • 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses.

  • 15.30 – US – Core PCE Price Index m/m

Potential instruments to Trade: USD Crosses.

  • 15.30 – US – Core Durable Goods & Durable Goods Orders m/m (Medium)

Potential instruments to Trade: USD Crosses.

Friday 24th December

  • No High Impact Events

From everyone at Errante, we wish you a very Merry Christmas!

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

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038].

To find out more about Errante, visit https://errante.com/.

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