Brexit: on the Queen's table
To be considered an official law, the Brexit paper just needs a signature of the Queen now. How does that affect the GBP?
Will the USD rise on strong Durable Goods Orders?
The American Durable Goods orders will be announced at 15:30 MT time on December 23.
Durable Goods Orders indicator refers to the percentage change in the number of new orders placed to the US manufacturers of hard goods during the examined month as compared to the previous month. A positive indicator means that there have been more goods ordered than in the previous period. That, in turn, would mean better economic outlook and consumption as projected by the industry participants for the coming three years. The recent dynamic for this indicator has been controversial: October orders were 0.6% higher than September, while the latter showed a 1.4% drop compared to the August figure. If the November figure is positive and exceeds market expectations, the USD will gain strength.
- If the indicator outperforms the forecasts, the USD will rise;
- If the indicator comes lower than the forecasts, the USD will fall.
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Brexit: on the Queen's table
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Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
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The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
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