Monday, 8 December 2014

WEEKLY REWIEW : The US Dollar Ended the Week with Growth

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Last week was full of important events, which caused some splash of volatility in the currency market. These events, of course, should include a number of global central banks decisions regarding interest rates, as well as the publication of data of the US labor market. The results of meetings of the Reserve Bank of Australia, Bank of Canada and the Bank of England as a whole were as expected. All they have left interest rates unchanged, so the market reaction was rather modest. Besides, the Bank of England also left the volumes of the asset purchase program unchanged that does not contribute to increasing of the attractiveness of the British pound against the US dollar.

Planned for the week:

Monday, 8th December
09:30 GMT – Eurozone. Sentix Investor Confidence;
13:15 GMT – Canada. Housing Starts (m/m, y/y);
15:00 GMT – USA. Labor market conditions index (LMCI).

This week traders should pay attention to the release of such statistics as: industrial production in the UK, consumer price inflation in China and Germany, the SNB and the RBNZ decisions regarding interest rates.

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