President Trump’s Tax Plan Approved by Senate.
This article is originally referred from FXPrimus News.
FXPrimus has summarized the important market indicators of the week.
This week’s indicators
DOLLAR earns ground this morning as Saturday’s Tax Plan vote passed by Senate with a 51-49 majority.
Although this has marked a monumental step for the administration, bull investors maintained control of momentum to somewhere weak levels for what seems to be a temporary halt in anticipation of US inflation.
With the US Jobs report coming up at the end of the week, Aussie’s GDP release, BoC’s Interest Rate decision and new developments around Brexit many opportunities are just around the corner.
A quiet session on the economic but not on the political front.
No important market movers from economic indicators apart the release of GB Construction PMI at 09:30.
Expectations are that currency pairs will move according to post-tax plan sentiment as well as the ongoing Brexit Negotiations amid a closely watched Eurogroup Meeting.
A volatile session for the Commodity currencies and the USD.
Investors may find opportunities early in the session as RBNZ’s Spenser is delivering a speech at 00:15.
In addition, Australia is due to release major economic data as well as announce its latest Interest Rate just hours after the Chinese Caixin.
At 09:30, GB is scheduled to release November’s Services PMI and Canada its trade Balance at 13:30. On the west, US is going to release the ISM Non-Manufacturing PMI at 15:00.
Australian GDP and the latest Canadian Interest Rates in focus.
The Australian Bureau of Statistics is due to release its Australia’s GDP figures early in the session.
In the afternoon, ADP is scheduled to publish November’s NFP ahead of Friday’s BLS release.
At 15:00, BoC is going to announce its last Interest Rate decision for the year, a rate that is likely to remain unchanged.
The last major release for the day on the economic frond is EIA’s print of last week’s Oil Stocks.
ECB President Draghi Speaks at the Bank for International Settlements.
Although Thursday’s session is going to be weak in terms of volatility when looking at the economic events; Australian Trade Balance at 00:30, market participants may be able to find some good opportunities by deciphering Draghi’s remarks during the press conference held in Frankfurt.
Speech starts at 16:00.
NFP center of attention for market players after a post-pone for Thanksgiving.
The day for fundamental traders starts with GB’s Manufacturing Production at 09:30, where chances for good trading opportunities may be favorable.
At 13:30, BLS’s NFP release is due, a major economic event that is going to produce very high volatility and wild market fluctuations.
Original Source: FXPrimus News