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Key Points
- U.S. December Manufacturing PMI dropped to 48.1, down 1.4 points from the previous month, marking its lowest level in three months, while the Services PMI rose to 58.5, up 1.4 points, hitting a 38-month high.
- Eurozone December Composite PMI increased to 49.5, up 1.2 points from the previous month but remained below the critical threshold of 50.
- ECB Executive Board Member Isabel Schnabel stated, "Monetary policy must proceed gradually and remain data-dependent."
- At the December FOMC meeting, a 25 basis point rate cut is seen as a given, but there is a prevailing outlook for rates to be held steady in January.
- Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland announced her resignation following a conflict with Prime Minister Justin Trudeau.
Key Economic Indicators
+ December 17: U.S. November Retail Sales
+ December 18: U.K. November Consumer Price Index, Eurozone November Consumer Price Index, FOMC meeting results
+ December 19: Bank of Japan rate decision, Bank of England rate decision
+ December 20: U.S. November Personal Consumption Expenditures Price Index
USD/JPY Chart Analysis
USD/JPY successfully bounced from the 149 level and broke through the 153.500 resistance, paving the way for a potential climb toward the 157 level. In the short term, an upward trend appears likely. However, with the FOMC meeting and the BOJ monetary policy meeting scheduled this week, there is significant uncertainty regarding medium- to long-term direction. We will revisit the outlook based on the outcomes of these events.
If unexpected movements occur, we will quickly adjust our strategy accordingly.
It's great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- U.S. December Manufacturing PMI dropped to 48.1, down 1.4 points from the previous month, marking its lowest level in three months, while the Services PMI rose to 58.5, up 1.4 points, hitting a 38-month high.
- Eurozone December Composite PMI increased to 49.5, up 1.2 points from the previous month but remained below the critical threshold of 50.
- ECB Executive Board Member Isabel Schnabel stated, "Monetary policy must proceed gradually and remain data-dependent."
- At the December FOMC meeting, a 25 basis point rate cut is seen as a given, but there is a prevailing outlook for rates to be held steady in January.
- Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland announced her resignation following a conflict with Prime Minister Justin Trudeau.
Key Economic Indicators
+ December 17: U.S. November Retail Sales
+ December 18: U.K. November Consumer Price Index, Eurozone November Consumer Price Index, FOMC meeting results
+ December 19: Bank of Japan rate decision, Bank of England rate decision
+ December 20: U.S. November Personal Consumption Expenditures Price Index
USD/JPY Chart Analysis
USD/JPY successfully bounced from the 149 level and broke through the 153.500 resistance, paving the way for a potential climb toward the 157 level. In the short term, an upward trend appears likely. However, with the FOMC meeting and the BOJ monetary policy meeting scheduled this week, there is significant uncertainty regarding medium- to long-term direction. We will revisit the outlook based on the outcomes of these events.
If unexpected movements occur, we will quickly adjust our strategy accordingly.
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.