You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. My new Coaching Page is also online.
Here is this week's Game Plan:
With limited news over the weekend, expect a calm start to and eventful week. Given the time of year, markets might consolidate ahead the FOMC. The rate hike has already been discounted so the USD's fate rests upon the statement, dot-plot, forecasts and Yellen presser. ECB & BOE are also due this week, but analysts do not expect either to deviate from current script. Beyond CB meetings we also see US CPI & Retail Sales; UK CPI, UK employment and Retail Sales; Australian Employment.
USD: busy week in the US as the Federal Reserve will meet and release its quarterly economic projections. We will be hosting the last Live Webinar of the year during the event. Beyond that, he most important releases will be: inflation rate; retail trade; industrial output; NY Empire State Manufacturing Index; producer prices; the government's budget statement.
GBP: busy week across the pond as well. The Bank of England will also be deciding on monetary policy, but no changes are expected. Beyond that, inflation data, retail sales, unemployment and wages will also be watched.
EUR: the ECB will also meet, with markets anticipating no changes. Markit PMIs will be released for the Eurozone, Germany and France. Germany ZEW Economic sentiment index will likely attract more attention.
AsiaPac: In Japan, the Tankan is the highlight. China, will release retail sales, industrial output and fixed asset investment. During the weekend, China inflation data for November came in slightly below expectations. In Australia, the most important releases will be the NAB business confidence & employment data.
Going into the week I remain bullish on US equities, bearish but cautious on bullion, bearish on Aud and Jpy.
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