FXPrimus has summarized the important market indicators of the week.

This week’s indicators

Markets remained pretty much unchanged last week excluding the DOLLAR decline as risk-on appetite subdued following a widely anticipated rate hike.

POUND ended somewhat bearish yet still a battle between bulls and bears mark another week of uncertainty.

This week we may see some upward pressure as Brexit talks progress to stage 2.

Along with BoJ normalisation talks and RBA’s policy meeting minutes, the US Tax vote will also be the focal point for the coming week.

Other major reports expected, with US, CA and NZ GDP releases being centre of attention.

December 18th, Monday

Quiet start to the week, Euro zone inflation data good for future prospects.

There are no major economic indicators scheduled in for Monday apart a moderate impact release of the EU Final CPI.

Investors and traders may use the printed figure in order to decipher future conditions of ECB’s asset purchasing program.

December 19th, Tuesday

RBA minutes to shape 2018 rate outlook, investors emphasise on US building permits.

With RBA monetary policy meeting minutes release at 00:30 traders may find good opportunities to capture some profits as the release will contain information regarding future policy headway.

The economic calendar will offer opportunities on US related pairs too at 13:30 as the Building Permits are scheduled in.

December 20th, Wednesday

Carney due to speak anent financial stability, Kiwi GDP likely to confirm growth.

On the political front BoE Gov Carney is due to speak about November’s Financial Stability Report at the Treasury Select Committee Hearing in London at 13:15 GT, while on the economic front US and NZ are going to deliver the EIA Oil Inventories and GDP figures at 15:30 and 21:45 respectively.

December 21st, Thursday

Week’s highlight as major releases come from Japan, Canada and the US. Following a possible unchanged rate announcement amid a growing Japanese economy BoJ will hold its Press Conference at 06:30 GMT.

Canada will release highly important Inflation and Consumer Spending data at 13:30 while the Bureau of Economic Analysis will be publishing the US latest GDP figures.

December 22nd, Friday

Canadian prospects GDP-dependent, US PCE and Durable Goods main focal point.

The closing of the week will be highlighted by the Canadian GDP figures at 13:30 as well as the scrutiny investors will put the US economy under by gauging the PCE deflator, also at the same time.

With Core Durable Goods Orders due concurrently, US cross pairs are likely to offer many opportunities during the last day of the week.