Christmas and New Year are approaching on the calendar, which significantly affected the frequency of important publications this week: they were moved together more densely (which positively affected the number of trading signals). Despite the dominance of the Central Banks, holding a meeting, only Stephen Poloz managed to achieve a real movement in the quotations of its currency.
The conflict prevention system saves from damages this Friday by a Non-Farm Payrolls publication. On Wednesday, the last meeting of the US Federal Reserve will take place and, according to market expectations, the interest rate will be raised to 1.5% (+ 0.25%). What to do in this case, how to behave? In addition, we counted 7 more indicators, which definitely should not be missed. The schedule is dense: Christmas huddles the calendar for the next two weeks.
December is approaching, and so is the Fed meeting: the prospects for a third raise of the Fed's interest rate are pretty bright, but the dollar is mired in a political fog for lack of other information from the weak calendar of last week, which was used by its major partners in quotes.
That's Thanksgiving on the horizon, and experts are already talking louder about the Fed's actions in 2018, so Goldman Sachs were the first ones who have sounded and "anticipated" four rate increases next year. Black Friday this week ...
We have not had a whole week without signals for a long time but we used this period of the weak calendar with benefit and carried out a number of updates of the autoclick as well as our Flashnewstrader platform. In addition, a number of noteworthy publications of economic indicators will appear on Tuesday, and the main focus would be on Wednesday and Thursday ...
And again, check which signal was sent, and what result you got.
The main idea of this note is that you understand what exactly is happening and can happen at the time of the release of important economic indicators. How to be prepared to trade the news.
Economists expect an increase in the interest rate of the Bank of England next week. Do not forget that a new month begins, which means that on Friday we are also in for the Non-Farm Payrolls publication.
The Bank of Canada stepped aside and promised to return after observing economic statistics, so: retail sales and the consumer price index published on Friday seem to have pecked up all the crumbs that were supposed to help the regulator return to the path of tightening monetary policy.
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