TC Economic Insight - The Week Ahead (Dec 18 - 22)

Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of December 18 - 22:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Central banks around the world – the U.S. Federal Reserve, the Bank of England, the European Central Bank, the Swiss National Bank – have already paused hiking interest rates.

Further, the Federal Reserve has even made it clear that it will cut interest rates in 2024.

On the other hand, senior officials of the Bank of Japan (BOJ) have recently commented on potential changes to its long-running ultra-easy monetary policy, which could send shock waves across global stock and forex markets.

Investors are therefore watching closely how the Bank of Japan views the current economic growth, inflation and interest rate environment when announcing its interest-rate decision on Tuesday (December 19).

According to Multi-Stock Trading LLC's "Economic Insight", the Bank of Japan is expected to keep its key interest rate unchanged at a negative level of -0.100% on Tuesday (December 19).

In the past 8 BOJ Interest-Rate Decisions, USD/JPY rose in 63% of times (5 out of 8 events) within one hour from the report’s release, marking a trading range of 122.65 pips on average.

Other key economic data include:

Monday (December 18)

China: Foreign Direct Investment in the country (NOV) is expected to fall 10.0% on year.

Germany Ifo Business Climate Index (DEC) to rise to 88.1.

Canada New Housing Prices (NOV) may ease 0.3% on month. 

Tuesday (December 19)

Australia Central Bank to release minutes of last policy meeting.

Japan Central Bank is expected to keep Key Interest Rate unchanged at -0.100%.

U.S. Building Permits (NOV) to fall 1.2% on month.

U.S. Housing Starts (NOV) to drop 0.8% on month.

Canada Inflation Rate (NOV) may tick up to 3.2% on year.

Canada Producer Prices (NOV) may fall 1.1% on year. 

Wednesday (December 20)

Japan Trade Deficit (NOV) is expected to narrow to 590 billion yen.

Japan Exports (NOV) to rise 2.2% on year.

U.K. Inflation Rate (NOV) may fall to 4.0% on year.

Germany GfK Consumer Confidence Index (JAN) to tick up to -24.0.

Germany Producer Prices (NOV) to fall 7.1% on year.

U.S. Conference Board Consumer Confidence Index (DEC) to rise to 104.

U.S. Existing Homes Sales (NOV) may stand at 3.78 million units.

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Thursday (December 21)

U.S. GDP Growth (3Q Final) is expected at 5.2% on quarter.

U.S. Philadelphia Fed Manufacturing Index (DEC) to tick up to -4.0.

U.S. Initial Jobless Claims (DEC/16) to increase to 209,000.

U.S. Conference Board Leading Index (NOV) to drop 0.5% on month.

Canada Retail Sales (OCT) to ease 0.1% on month.

Friday (December 22)

Japan Inflation Rate (NOV) expected to slow to 2.6% on year.

Japan Core Inflation Rate (NOV) to slow to 2.5% on year.

U.K. Retail Sales (NOV) to increase 0.6% on month.

France Producer Prices (NOV) to drop 1.7% on year.

U.S. Durable Goods Orders (NOV) to grow 1.8% on month.

U.S. Core PCE Price Inflation (NOV) to dip to 3.4% on year.

U.S.  New Home Sales (NOV) to add 1.2% on month.

Canada GDP (OCT) to grow 0.2% on month.

Happy Trading!

Source: Multi-Stock Trading LLC Economic Insight