
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
The Japanese Monetary Policy Meeting Minutes will be published at 01:50 MT time on December 24.
The Bank of Japan left its interest rate unchanged at -0.1% on December 19. Although governor Haruhiko Kuroda gave a generally upbeat economic outlook for Japan with a “moderate expansion trend”, he admitted there were weak spots and certain signs of slowing down in the Japanese economy. The governor explained that was due to a lower abroad demand and the negative effect of a typhoon that hit the country in October. Also, Mr. Kuroda made it clear that the BOJ will stay ready for further ease if required, in addition to the continued government spending program. Hence, the Monetary Policy Meeting Minutes will give more detail to these concerns and shed light on the vision of the monetary policy makers and the nation’s economic prospects for the nearest future.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
Before Joe Biden sat face-to-face with Xi Jinping on Monday night at a seaside resort in Bali, US officials played down hopes for tangible progress. The outcome easily exceeded those low expectations.
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
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