A Week in the Market: Calm End of the Year (25-29 December)
2 minutes for reading
This will be a short and quiet week as the holiday season has already begun. Nevertheless, several interesting releases are still upcoming.
USD: in a weak position
The most news will be coming from the US, especially on Thursday. Data on initial jobless claims per week and a report on pending home sales in November are to be released. The USD is in a relatively weak position, with the situation unlikely to change in the short run.
EUR: no news
The eurozone’s macroeconomic calendar for this week is blank. The secondary statistics include data on the CFTC EUR speculative net positions. The European currency exchange rate is supported by strong market interest in risk, and as long as it remains so, the euro will maintain its secure position.
JPY: a small volume of significant statistics
Japan is gearing up to release the core value of the consumer price index, which stood at 3.0% a year ago. The stronger the current statistics, the better for the JPY.
AUD: on the rise
The AUD is experiencing a noticeable rise amid active investor interest in risk. Australia will not be active in this week’s macroeconomic calendar. Among the upcoming releases, it is worth paying attention to the report on the CFTC AUD speculative net position. While the market is ready to risk, the Australian dollar is not in danger.
GBP: all quiet
The UK is set to publish data on the Nationwide house price index in December. The figure is expected to improve from −2.0% to −1.4%, which is neutral news for the GBP.