I am really busy this weekend so I have not had much time to post. We have a big week of data ahead so I am going to be posting as more details come through. The $USD Index daily managed to crack above the 100 pt mark that it reached it April. In the week ahead we have heavy data such as.
- Kuroda form BoJ speaking
- RBA rates decision
- Swiss retail
- German employment
- Europe consumer and producers price index
- Canada BOC interest rate decision
- ECB interest rate decision
- Yellen testifies for Fed
- U.S. Non Farm Payroll
- Canada unemployment numbers
- Biannual OPEC meeting
plus a slew of less important data: See here
The Fed will be looking at retail and Non Farm Payroll as well as inflation data and consumer confidence ahead of the much anticipated FOMC meeting Dec 15-16 on interest rates. We should have a better idea of what the market is pricing in by the end of the week. See how it looks.
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