Quite naturally, the flow of statistics at the second week of the month is subsiding, yet Central Banks enter the scene, ready to react to any changes.

Central Banks: getting back to business

Central Banks: getting back to business

This week, after a short pause, Central Banks are planning new conferences. The ones to get started are the CBs of Kazakhstan, Georgia, India, Canada, Poland, Brazil, Serbia, and Ukraine. In most cases, no changes in the monetary policy are expected, and this is good news for risky assets.

AUD: the rate will remain unchanged

AUD: the rate will remain unchanged

The Reserve Bank of Australia is having a conference where, among other things, it will decide upon the interest rate. The RBA is not ready to change it yet, most likely leaving the rate at 0.10% annually as before. For the AUD, this is neutral news, the time for tough measures has not come.

EUR: new German Chancellor

EUR: new German Chancellor

This week, Germany is living through an important event: Olaf Scholz is replacing Angela Merkel at the post of the Chancellor. The news has long been heard of, yet the very fact of Merkel quitting can affect the EUR, provoking local sales.

USD: check inflation

USD: check inflation

At the second week of December, among other things, the USA will publish the CPI in November. Inflation is expected to keep growing — by 0.6% m/m and 6.7% y/y. These are new long-term highs y/y. Growing inflation will be yet another argument in favor of winding up the QE faster, which means the USD will get support.

JPY: new statistics will show the way

JPY: new statistics will show the way

This week, Japan is publishing fresh data on bank loans, payment balance, average earning, orders in mechanical engineering, and household spending. The latter report is crucial: the forecast suggests an improvement to -0.6% y/y from -1.9% y/y. This would mean people spend more, which is good for the global GDP and JPY.


Material is prepared by

A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.