Last week was dominated by Wednesday’s FOMC statement, and the impact created a pretty lively market. Although this seems to be a “trend Decemberâ€, we are running up to the holiday season now. Friday is a public holiday in every market of note except Japan, and pretty much all Forex brokers are closed anyway. Thursday is a public holiday in Germany and typically a very light day in the rest of Europe. Note that Wednesday is a public holiday in Japan.
As it is the holiday season, we can expect a significantly quieter week than last week and recent days prior to that. Note how only four of the seven currencies we typically cover here in this weekly timeline series have any high-impact events scheduled at all.
U.S. Dollar
A relatively full week for the USD begins on Tuesday with the release of Final GDP data. Wednesday will see Core Durable Goods Orders followed on Thursday by Unemployment Claims.
Canadian Dollar
It is going to be a light week for the Loonie, with no high-impact items due except Wednesday’s releases of Core Retail Sales and GDP data.
British Pound
It is going to be a light week for the Pound, with no high-impact items due except Wednesday’s release of Current Account data.
New Zealand Dollar
It will be a very light week for the Kiwi, with nothing of importance due except Tuesday’s Trade Balance numbers.
Euro
Sunday sees the Spanish Parliamentary election vote, although this is unlikely to have a great deal of impact upon the currency.
