Weekly Outlook December 21-25, 2015

Last week:

  • US annual inflation rate on its highest in 11 months. Consumer prices rise 0.5 percent year-on-year in November, higher than October figure (0.2 percent) and beat the market expectations.
  • Finally, the Fed raises their key rate from 0.25 percent to 0.5 percent, first in 9 years. The committee say that there are some improvements in the labor market and they are confident that the inflation, on the medium term, will reach its 2 percent target.

This week: 

The end of the year is coming. Thin liquidity usually happens because most players ready to exit on the holiday period. There are several event on US and Canadian GDP data, US durable goods and weekly unemployment data.

*All time are GMT

Tuesday: 

  • 01.30 pm US Final GDP (q/q): market predicts GDP to rise 1.9% in the third quarter, below the previous figure at 2.1%.
  • 09.45 pm New Zealand Trade Balance (m/m): expect to see a better figure from -NZD 963m to be -NZD 812m. It could be the six straight time that the figures show the negative result.

Wednesday: 

  • 01.30 pm Canadian GDP (m/m):  last data shows contraction after a three-month positive figure (-0.5%). The market didn’t expect a better result for this month.
  • 01.30 pm Core Durable Goods Orders (m/m): expect to see a 0.1% figure. Worse than the previous figure at 0.5%.

Thursday: 

  • 01.30 pm US unemployment claims (w/w):  the unemployment data is expected to reach 270k, or slightly better than the previous week (271k).
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