A Week in the Market (27.12 - 02.01): Silent Night
The last week of the year is not going to be full of events. Things are quite calm and neutral – it is time to draw the line under the past 12 months and get prepared for the future.
JPY: some statistics
This week, Japan is publishing retail sales, industrial production info, and the unemployment rate for November. Also, the forecasts of the Bank of Japan on inflation and GDP dynamics are due. Normally, the JPY hardly reacts to such reports; however, if something about inflation goes by surprise, the yen might fluctuate.
USD: time for a pause
This week, the USD might be very restrained: there is no need for protective assets, and statistics are not abundant at all. Check out weekly unemployment claims. However, if this info confirms a positive trend in the employment sector, the USD will not react in any way as there is no sensation in this.
EUR: all eyes on ECB minutes
The only thing in Europe that can attract the attention of investors these days are the minutes of the latest conference of the European Central bank. If the statements of monetary politicians turn out tougher than expected or more precise than previously, the EUR might get some support.
Brent: waiting for an OPEK+ conference
The closest when we will hear from the oil sector is January 4th, when the next OPEK+ conference is due. However, waiting or this day, we can come across numerous comments on the decrease in the demand for oil due to the pandemic. This can affect Brent quotations negatively.
Timetable for the weekend: everyone is ready for holidays
On Monday, the markets in Great Britain, Canada, New Zealand, and Australia will be closed. On Tuesday, Great Britain and Canada will remain on holiday, and on Friday, Germany and Japan will take their turn.