Week 51 Exness economic calendar report

This week is packed with economic events that could shake up the markets. From central bank decisions to key economic indicators, traders should stay alert to seize potential opportunities.

Wednesday, December 18, 2024

Federal Reserve Interest Rate Decision (19:00 GMT)

The Federal Open Market Committee (FOMC) is expected to cut the federal funds rate by 0.25%, bringing it down to 4.25%–4.50%. This anticipated move follows previous rate cuts aimed at stimulating economic growth. Traders should watch for impacts on currency pairs like EURUSD, GBPUSD, and USDJPY, as well as indices such as US30 and SPX500. Lower interest rates can weaken the USD, potentially boosting these pairs and indices.

Thursday, December 19, 2024

Bank of England Interest Rate Decision (12:00 GMT)

The Bank of England is expected to maintain its key short-term interest rate at 4.75%. This decision comes amid ongoing assessments of the UK's economic health. Currency pairs like GBPUSD and indices such as UK100 could see movement based on this announcement. A steady rate may indicate confidence in the economy, potentially strengthening the GBP.

Bank of Japan Interest Rate Decision (Tentative)

The Bank of Japan is likely to keep its rates unchanged at 0.25%, awaiting further economic data before making any adjustments. This decision could influence the USDJPY pair and the JPY crosses. Stable rates may lead to limited volatility in these pairs, but traders should remain cautious of any unexpected statements.

Friday, December 20, 2024

U.S. Personal Consumption Expenditures (PCE) Price Index (13:30 GMT)

The Bureau of Economic Analysis is set to release the PCE price index for November, with forecasts indicating a 2.5% year-over-year rise, slightly up from October's 2.3%. The core PCE, excluding food and energy, is expected to increase by 2.9%. This data is crucial for gauging inflation and could impact assets like XAUUSD (Gold) and major currency pairs. Higher inflation may lead to a weaker USD, potentially boosting gold prices and affecting forex markets.

Conclusion

This week's economic calendar is filled with events that could significantly impact various trading assets. Central bank decisions and key economic indicators will provide insights into the global economic landscape. Traders should stay informed and be prepared to adjust their strategies in response to these developments.

This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

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Author:

Paul Reid

Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.