Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market.

Choose and track the ones that are most important to you.

Last week, trades on the main currency pairs were very active. Unidirectional trends were not observed. The Fed raised its key interest rate by 25 basis points to 1.50%. The regulator is still concerned about low inflation in the US. The National Bank of Switzerland, the Bank of England and the ECB, as expected, left interest rates unchanged.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

December 18th, Monday

On Monday in the Asian trading session, statistics on the trade balance of Japan will appear at 01:50 (GMT+2:00).

At 12:00 (GMT+2:00), the report on inflation in the Eurozone will be published.

December 19th, Tuesday

On Tuesday, we recommend you to pay attention to the following economic reports:

• Minutes of the meeting of the Reserve Bank of Australia on the monetary policy at 02:30 (GMT+2:00);
• The IFO business climate index at 11:00 (GMT+2:00);
• Statistics on the real estate market in the US at 15:30 (GMT+2:00);
• The trade balance of New Zealand at 23:45 (GMT+2:00).

December 20th, Wednesday

On Wednesday, investors’ attention will be focused on the following statistics:

• Sales in the secondary housing market in the US at 17:00 (GMT+2:00);
• Crude oil inventories in the US at 17:30 (GMT+2:00). This report may have an impact on the dynamics of commodity currencies;
• Data on the GDP of New Zealand at 23:45 (GMT+2:00).

December 21st, Thursday

On Thursday, the Bank of Japan press conference will take place. It is expected that the regulator will leave the key interest rate at the previous level of -0.1%.

It is necessary to pay attention to the comments of the Central Bank representatives.

Important economic reports:

• Data on the US GDP at 15:30 (GMT+2:00);
• The index of production activity from the Federal Reserve Bank of Philadelphia at 15:30 (GMT+2:00);
• Reports on inflation and retail sales in Canada at 15:30 (GMT+2:00).

December 22nd, Friday

On Friday, the National Statistical Office of Great Britain will publish data on the country’s GDP for the third quarter at 11:30 (GMT+2:00).

Economic reports from the USA:

• Statistics on personal income and spending at 15:30 (GMT+2:00);
• Basic orders for durable goods at 15:30 (GMT+2:00).
• Sales of new houses at 17:00 (GMT+2:00).

At 15:30 (GMT+2:00) we expect a report on the GDP of Canada.