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  • The Week Ahead: 27th – 30th December 2022

The Week Ahead: 27th – 30th December 2022

Overview for the Week Ahead

This coming holiday-shortened week will round out a brutal year for Wall Street as 2022 comes to an end.

The U.S. stock and bond markets were closed on Monday, December 26, in observance of Christmas Day.

The earnings and economic calendars will be light, with much of the business world off until next year.

When investors return from a long weekend Tuesday, hopes will be high for a Santa Claus Rally – a seasonal rise in the stock market that occurs at the end of December. But with selling pressures remaining in place over fears about a looming recession, the favourable season pattern may take this year off.

The Santa Claus Rally is typically defined as the last five trading days of the year and first two of the new year, with Yale Hirsch, creator of the Stock Trader’s Almanac, coining the term back in 1972.

Much of that is owed to the historic actions of global central banks, which have raised interest rates in lockstep to rein in the highest inflation in decades after a period of extensive fiscal stimulus. The U.S. Federal Reserve has raised interest rates by a cumulative 4.25% this year, the most since 1980, while signalling that further hikes were likely in the year ahead.

Have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +2.

Tuesday 27th December

  • No High Impact Events

Wednesday 28th December

  • No High Impact Events

Thursday 29th December

  • 15.30 – US – Unemployment Claims

Potential instruments to Trade: USD Crosses. 

Friday 30th December

  • 16.45 – US – Chicago PMI

Potential instruments to Trade: USD Crosses. 

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].

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

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