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💱Target levels and forecast for the week 11.12. – 15.12.
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Speculators are preparing to use their last chance this year: the Fed, BOE and ECB will decide on interest rates, and important economic reports will be published.
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Interest rates will remain unchanged, the market will react to accompanying statements from regulators and comments from the heads of central banks. The danger with the ECB's decision is that Germany is demanding an early end to the REPP reinvestment program, but Lagarde is unlikely to be able to clearly justify such a decision. Markets will be nervous.
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Tomorrow you should pay attention to the British labour market report and US CPI data, and on Thursday – to data on retail sales in the US. In the Eurozone, PMIs for December will be a hit on Friday.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):
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Tue, 12
GBP: Labor market statistics (07:00)
EUR: ZEW Economic Sentiment (10:00)
USD: CPI (13:30); EIA Short-Term Energy Outlook (17:00); API Weekly Crude Oil
Stock (21:30)
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Wed, 13
GBP: GDP, Industrial Production, Trade Balance (+ Non-EU) (07:00)
EUR: Industrial Production (10:00)
USD: OPEC Monthly Report (12:00); Crude Oil Inventories (+Cushing) (15:30); Fed Interest Rate Decision (18:00); FOMC Statement (19:00); Press Conference (19:30)
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Thu, 14
AUD: Labor market statistics (00:30)
GBP: BoE Interest Rate Decision (12:00)
EUR: EU Leaders Summit (10:00); ECB Interest Rate Decision (13:15); Press Conference (13:45); ECB President Lagarde Speaks (15:15)
USD: IEA Monthly Report (09:00); Retail Sales, Initial Jobless Claims (13:30)
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Fri, 15
CNY: Industrial Production (02:00)
EUR: Composite, Manufacturing, Services PMI (09:00); Trade Balance, EU Leaders Summit (10:00)
GBP: Composite, Manufacturing, Services PMI (09:30)
USD: Services, Manufacturing, Composite PMI, Industrial Production (14:45)
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For more news − see Economic Calendar.
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Profits to y’all!