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Key Points:
- The Federal Reserve enters its blackout period.
- Canada’s unemployment rate rose to 6.8% in November from 6.5% in the previous month, raising expectations for a 50bp rate cut by the Bank of Canada.
- U.S. nonfarm payrolls for November came in at 227,000, surpassing the market forecast of 200,000. The unemployment rate matched expectations at 4.2% but increased from the prior month.
- Mary Daly, President of the San Francisco Federal Reserve, stated that the Fed is ready to raise rates again if inflation rises.
- The Swiss National Bank sees mixed expectations of a 25bp or 50bp rate cut, while the Reserve Bank of Australia is expected to keep rates on hold.
Major Economic Indicators:
- December 10: Reserve Bank of Australia rate decision, Germany’s November Consumer Price Index (CPI)
- December 11: U.S. November CPI, Bank of Canada rate decision
- December 12: European Central Bank rate decision, U.S. November Producer Price Index (PPI)
- December 13: UK October GDP
EUR/USD Chart Analysis:
EUR/USD climbed to the 1.06000 level but faced resistance and has slightly pulled back. Failure to break through the resistance level suggests a high likelihood of retreating to the 1.04500 level. For this week, the short-term outlook is bearish, but we will adjust our strategy based on the interest rate decisions from major economies.
Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points:
- The Federal Reserve enters its blackout period.
- Canada’s unemployment rate rose to 6.8% in November from 6.5% in the previous month, raising expectations for a 50bp rate cut by the Bank of Canada.
- U.S. nonfarm payrolls for November came in at 227,000, surpassing the market forecast of 200,000. The unemployment rate matched expectations at 4.2% but increased from the prior month.
- Mary Daly, President of the San Francisco Federal Reserve, stated that the Fed is ready to raise rates again if inflation rises.
- The Swiss National Bank sees mixed expectations of a 25bp or 50bp rate cut, while the Reserve Bank of Australia is expected to keep rates on hold.
Major Economic Indicators:
- December 10: Reserve Bank of Australia rate decision, Germany’s November Consumer Price Index (CPI)
- December 11: U.S. November CPI, Bank of Canada rate decision
- December 12: European Central Bank rate decision, U.S. November Producer Price Index (PPI)
- December 13: UK October GDP
EUR/USD Chart Analysis:
EUR/USD climbed to the 1.06000 level but faced resistance and has slightly pulled back. Failure to break through the resistance level suggests a high likelihood of retreating to the 1.04500 level. For this week, the short-term outlook is bearish, but we will adjust our strategy based on the interest rate decisions from major economies.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.