Greetings, fellow traders! Welcome to a brand new week, starting this Monday! Let's dive into today's key news and upcoming events!
Economic calendar
The time zone is GMT+2. Check your time zone here: https://www.timeanddate.com/time/map/
Monday EUR 12:00, Retail Sales m/m
USD 22:00, Consumer Credit m/m
Tuesday JPY 1:30, Tokyo Core CPI y/y
AUD 2:30, Retail Sales m/m
CHF 10:00, Foreign Currency Reserves
Wednesday AUD 2:30, CPI y/y
GBP 16:15, BOE Gov Bailey Speaks
Thursday USD 15:30, Core CPI m/m
USD 15:30, CPI y/y
USD 15:30, Unemployment Claims
Friday CNY 3:30, CPI y/y
GBP 9:00, GDP m/m
USD 15:30, PPI m/m
News to keep you updated:
Saudi Arabia has lowered selling prices for its crude for February for Asia, Europe, and the United States. Wall Street begins to reduce forecasts for oil prices in 2024 actively. Tight banks expect non-OPEC+ countries to increase supply in the market.
Asian stock indices fell due to an unexpected increase in the number of non-farm payrolls in the US, which led to a revision of expectations of interest rate cuts in the US and concerns about upcoming inflation reports.
German industrial orders rose 0.3% in November, weaker than forecasts.
The US Congress agreed on the government's budget for fiscal year 2024. Budget expenditures are envisaged at $1.59 trillion, which is proposed to allocate $886 billion for defense.
Gold prices are falling as markets doubt an interest rate cut is imminent.
On its investor website, the SEC urges investors to refrain from chasing the markets when investing in crypto. Market participants noted that this call came on the eve of the anticipated approval of spot BTC-ETFs.
That's it for today, guys! Click on if you liked our review, and see you soon! TRADE WITH FBS
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