Please note ThinkMarkets does not provide CFD services to residents of the US.

Please note ThinkMarkets does not provide CFD services to residents of the US.

Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
Partnership
 
Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

Learn more
Proprietary Trading

Partner with us to build your own prop trading business. Enquire with our account managers today.

Learn more
White Label

We supply everything you need to create your own brand in the Forex industry.

Learn more
Regional Representatives

Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.

Learn more
Refer a friend

Receive $50 for you and your friend when you convert them into an active trader of ThinkMarkets.

Learn more
Partnership

Plug into the next-gen platforms and the trades your clients want.

Partner Portal
About ThinkMarkets
 
Sponsorships

Check out our sponsorships with global institutions and athletes, built on shared values of excellence.

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
ThinkMarkets News

Keep up to date with our latest company news and announcements

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Log in Create account

Week Ahead Preview 19th of December

Mahmoud Alkudsi Mahmoud Alkudsi 19/12/2022
Week Ahead Preview 19th of December Week Ahead Preview 19th of December
Week Ahead Preview 19th of December Mahmoud Alkudsi
 
Markets will have a light economic calendar in the week ahead of the Christmas holidays. This will give investors the time to digest the last week’s central banks meetings updates and to think about their portfolios in 2023 to overcome the difficulty of finding where to invest.
 
The FOMC hiked rates by 50bp last week taking the cash rate to a 15-year high at 4.5% and 17 out of the 19 members expected that the US interest rates would be above 5% by the end of 2023. The Fed Chair welcomed the fall in inflation levels in October and November nonetheless, Powell highlighted that the central bank’s monetary policy is not at sufficiently restrictive policy yet and for that reason, he expected that the ongoing hikes would be appropriate.
 
The ECB board members hiked rates by 50 bp last week and hinted that there might be more hikes of 50 bp in the upcoming meetings, and while other central banks have started to slow down their rate hike pace, the ECB policy may stay tight for a while and take the European economy to a restrictive territory on the back of the Eurozone CPI high levels (10.1% in November).        
 
The Bank of England hiked the rate by 50 bp last week taking the UK interest rate to 3.5%. The new policy statement contained some dovish signals as the committee expected the rate to peak at 4% hinting at another 50 bp hike in February followed by a rate hike pause the MPC nonetheless, warned that it could act if required.
 
Most US major indices closed in the red on Friday as investors did not like the Fed’s hawkish message. The US dollar recovered its losses and the Gold closed below the $1800/oz threshold. The oil price bounced back on better demand as China seemed to abandon the Covid Zero policy and the Biden administration plans to refill the US strategic reserves.   
  
Economic data highlights 
 
Monday 19th of December 
 
  • USD- NAHB Housing Market Index (DEC)
 
 
Tuesday 20th of December 
 
  • RBA Meeting Minutes
  • BoJ Interest Rate Decision
  • CAD- Retail Sales (OCT)
  • USD- Building Permits (NOV)
  • EUR- Consumer Confidence Flash (DEC)
 
Wednesday 21st of December  
 
  • EUR- GfK Consumer Confidence (Germany-JAN)
  • CAD- Inflation Rate (NOV)
  • USD- CB Consumer Confidence (DEC)
  • USD- Crude Oil Inventories
 
Thursday 22nd of December 
 
  • GBP- GDP Growth Rate Final 
  • USD- GDP Growth Rate (Q3)
  • USD- Core PCE Prices (Q3)
 
Friday 23rd of December  
 
  • JPY- Inflation Rate (NOV)
  • CAD- GDP Growth Rate
  • USD- PCE Price Index (NOV)
  • USD- Durable Goods Orders MoM (NOV)
  • Michigan Consumer Sentiment Final (DEC)
 
 
 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

Weekly outlook: USD/JPY bulls could send the ...

By Alejandro Zambrano

17/06/2024

TSMC vs. Samsung: the battle for semiconducto...

By ThinkMarkets

17/06/2024

Weekly outlook: Will US CPI and FOMC spur or ...

By Alejandro Zambrano

10/06/2024

Federal reserve meeting preview: Steady rates...

By Alejandro Zambrano

10/06/2024

Unpredictable Markets: When Better-Than-Expec...

By Alejandro Zambrano

05/06/2024

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top