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The week ahead of us will have Fed meeting and preliminary Q4 GDP readings from the US, Germany and France as well as data on inflation and spending from the US.
Three central bank meetings (ECB, BOC and BOJ) as well as preliminary PMI data for January and China’s Q4 GDP will be the main economic events of the week. They may be overshadowed by the happenings at the Capitol for President-elect Biden’s inauguration on Wednesday January 20.
This will be a quiet week from the economic data perspective, inflation and consumption from the US will be the highlights, more attention will be given to Fed Chairman Powell’s speech as well as virus and vaccine related developments.
New Year is expected to be much better than the previous one. Admittedly 2020 set the bar very low but economies will still face tough hurdles in Q1 of 2021 due to the ongoing lockdowns.
Big week ahead of us will have no less than four central bank meetings (Fed, BOE, BOJ and SNB) as well as preliminary PMI data from EU, consumption data from US and China along with Brexit and US stimulus news.
ECB meeting with expected “recalibration” of programs will have the most impact on the markets followed by news regarding the Brexit deal. Additionally, we will have a BOC meeting as well as inflation data from US and China.
NFP will highlight the first week of the last month in 2020. It will be followed by preliminary November inflation from EU, Chinese PMI data and Q3 GDP from Australia, Canada and Switzerland.
In the shortened week ahead of us preliminary PMI data from EU and UK as well as Fed’s preferred inflation measure PCE will be the highlights. Due to the Thanksgiving holiday markets in the US will be closed so liquidity will be lower. We advise you to exercise caution in trading.
Consumption data from US and China coupled with preliminary Q3 GDP reading from Japan will be the highlights of the week.
After a very eventful week we will have a rather quiet week ahead of us with RBNZ meeting leading the way.
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