The Week Ahead Preview 19th December 2022

uh hi there trainers now just to start the week the uh Equity markets just slowly climbing back a touch a bit of a risk on day you're seeing Euro stealing Aussie kiwi rally the dollar just drifting lower but um if you look at the daily change here there's not much in it okay Euro and Sterling are the best performing sort of pairs uh up about 42 Pips and that's about it so just before I go into what uh to expect this week you've got uh just checking the charts here right the dollar Index slowly trying to pop its head up okay so upward pressure on um I guess interest rates a little bit gives the dollar a bit of a boost but not dramatic okay so the equity markets here the Dow Jones mini the s p meaning the Nasdaq all drifting lower as is the cryptos oil sitting around 75 bucks doll just drifting sideways too sort of a little bit aimlessly as is Euro right so as we go into that this is the last real trading week for the year there's um there's a definite lack of momentum right across across the major instruments like uh once again you've got the dollar Index euro dollar Yen yeah cat is going a little bit up but um sorry dollar Swiss that was up top Euro Sterling sort of drifted back down has has the Aussie and kiwi sort of following suit so there is a bit of a a dollar upward bias but there's not much in it right and when you come back and you sort of look around well where's the momentum going to come this week okay if I just get the uh trading economics calendar up get the iPhone business climate numbers Monday okay so they're they're a pretty uh you know a good historical number for gauging business sentiment um RBA minutes yeah you might get something out of that I don't I can't see the bij doing much the RBA minutes there could be something there but once again it's it's you're really looking at what they've got to say and if there's any comments that come out the real uh Focus I mean gfk consumer confidence numbers once again another good number for uh Euro but nothing like a a major top tier number which gets it moving very quickly inflation numbers out of Canada are important and then probably if after that you've got the Friday's durable goods and personal income spending numbers right so that's uh the Crux of it as it is it's you should have okay liquidity as we get closer towards I'd say after even the Canadian inflation numbers on Thursday or Wednesday in North America you'll probably see a lot of Traders switching off right so just be aware most of the the big news is out for this month we do have some things coming out if anything look at the equity markets for a measure of uh where the dollar is going at this stage that's uh all we can do and uh there's not much else to it I'll give you a bit of an update say come Wednesday Thursday until then to keep an eye on the markets cheerio