Trader’s calendar on December 12-13.
December packed with major central bank rate decisions likely to boost dollar.
The second and third weeks of December are marked on the economic calendar by meetings of many of the world’s major central banks. However, there is no clear synchronization in their policy decisions. Australia, for example, kept its key interest rate unchanged.
The US Federal Reserve is almost certain to cut rates by 0.25%, while the European Central Bank may deliver a more significant reduction, possibly as much as 0.5%. These forecasts are being closely watched by traders, with some already factoring them into their strategies.
These differing outlooks on interest rate decisions are, of course, a reflection of each country’s economic performance. The weaker the economy, the more vulnerable it is to higher interest rates, which could lead to a depreciation of the national currency. So let’s take a look at what economic indicators will be released on December 12th and 13th and how they might affect currency markets.
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00:00 INTRO
01:02 ECB INTEREST RATE DECISION
01:34 PRODUCER PRICE INDEX
02:09 INITIAL JOBLESS CLAIMS
02:39 TANKAN LARGE MANUFACTURERS INDEX
03:21 EXPORTS
03:49 INDUSTRIAL PRODUCTION
04:18 INDUSTRIAL PRODUCTION