Economic calendar | December 20 – 24

Monday, December 20

The week will start again with a completely empty macroeconomic calendar. And given the fact that Christmas is also this week, we can expect a significant decrease in activity on world markets throughout the trading week.

Tuesday, December 21

The only thing worth paying attention to on Tuesday is retail sales in Canada. These data may put significant pressure on the Canadian dollar, as retail sales growth is expected to slow down from 4.8% to 0.8%.

Wednesday, December 22 

Wednesday will be the busiest day of the week, but numerous economic publications will not have a strong impact on the market. The fact is that in the UK and the United States, only the final GDP data will be published, which, as a rule, have already been taken into account by the market and are often ignored. 

Therefore, a slowdown in economic growth in Britain from 23.6% to 6.6%, and in the United States – from 12.2% to 4.9%, is unlikely to move the market from its place. Some influence on the dynamics of the market will be able to have statistics on home sales in the secondary market of the United States, which should grow by 2.7%. Also in the US, attention should be paid to the publication of the consumer confidence index in December. 

Thursday, December 23

On Thursday, only American statistics will be of interest, which, moreover, can support the US dollar on Christmas Eve. 

In particular, orders for durable goods may increase by 1.1%, which indicates a further increase in consumer activity. The number of initial applications for unemployment benefits should increase by 1 thousand, but the number of repeated applications may decrease by 63 thousand. So things are going very well in the labor market. 

Friday, December 24

On Friday, the European and American markets are closed in honor of the celebration of Christmas Eve and subsequent Christmas. Only the Japanese market will work. 

And here the yen has a good chance to recover, since inflation in the Land of the Rising Sun should rise from 0.1% to 0.4%. So the risk of deflation is decreasing again, which will benefit the Japanese currency.