Week’s main events (December 08 – December 12)

Next week, markets will focus on the Federal Reserve’s decision on interest rates and updated economic forecasts, which will be a key event for the global financial environment. Due to the US federal government shutdown, some data for the period after September will not be published, but the JOLTS report for October and the third-quarter labor cost data will be released. At this time, interest rates will be set by the central banks of Canada, Switzerland, and Australia. In China, data on November accounts and inflation indicators are expected to be published, while in Europe, the UK and Germany will publish data on industrial production, trade, and GDP.

Monday, December 08

On Monday, traders will focus on Japan’s GDP data, which is expected to show a 0.4% decline, potentially increasing pressure on the yen. In addition, China’s trade balance report will be released during the Asian session, and stronger figures could support Chinese and Hong Kong stock indices.

Main events of the day:

– Japan GDP (q/q) at 01:50 (GMT+2); – JPY (LOW)
– China Trade Balance (m/m) at 05:00 (GMT+2); – CHA50, HK50 (LOW)
– German Industrial Production (m/m) at 09:00 (GMT+2). – EUR (LOW)

Tuesday, December 09

On Tuesday, the market will focus on the Reserve Bank of Australia (RBA) meeting: the rate is expected to remain unchanged at 3.60%, so the rhetoric at the press conference will be the key factor. Any hints of a stable economy and possible policy tightening could support the Australian dollar. Later in the US session, JOLTS data on job vacancies will be released, which could cause a sharp increase in volatility on dollar instruments.

Main events of the day:

– Australia RBA Interest Rate Decision at 05:30 (GMT+2); – AUD, AU200 (HIGH)
– Australia RBA Monetary Policy Statement at 05:30 (GMT+2); – AUD, AU200 (HIGH)
– Australia RBA Press Conference at 06:30 (GMT+2); – AUD, AU200 (MED)
– Japan BOJ Gov Ueda Speaks at 11:00 (GMT+2); – JPY (LOW)
– Mexican Inflation Rate (m/m) at 14:00 (GMT+2); – MXN (MED)
– US ADP Weekly Employment Change (m/m) at 15:15 (GMT+2); – USD, XAU (MED)
– UK Monetary Policy Report Hearings at 16:15 (GMT+2); – GBP (LOW)
– US JOLTS Job Openings (m/m) at 17:00 (GMT+2); – USD, XAU (HIGH)
– New Zealand RBNZ Gov Breman Speaks at 23:10 (GMT+2). – NZD (LOW)

Wednesday, December 10

Wednesday is expected to be a busy news day, with the Fed’s interest rate decision being the key event. The probability of a 0.25% cut is already high and priced in, so the focus will be on the updated dot plot and Jerome Powell’s comments. Any signals of further policy easing could weaken the dollar and support risk assets. The Bank of Canada will also hold a meeting: the rate is likely to remain unchanged amid a strong economy, but an unexpected cut could temporarily weigh on the Canadian dollar. In addition, China’s inflation data will be released – if the figures confirm the risk of deflation, Asian markets may react with a decline.

Main events of the day:

– China Consumer Price Index (m/m) at 03:30 (GMT+2); – CHA50, HK50 (HIGH)
– China Producer Price Index (m/m) at 03:30 (GMT+2); – CHA50, HK50 (MED)
– Norway Inflation Rate (m/m) at 09:00 (GMT+2); – NOK (MED)
– Eurozone ECB President Lagarde Speaks at 12:55 (GMT+2); – EUR (LOW)
– Canada BoC Interest Rate Decision at 16:45 (GMT+2); – CAD (HIGH)
– Canada BoC Monetary Policy Statement at 16:45 (GMT+2); – CAD (HIGH)
– Canada BoC Press Conference at 17:30 (GMT+2); – CAD (MED)
– US Crude Oil Reserves (w/w) at 17:30 (GMT+2); – WTI (HIGH)
– US FOMC Economic Projections at 21:00 (GMT+2); – USD, XAU, US30, US500, US100 (HIGH)
– US FOMC Statement at 21:00 (GMT+2); – USD, XAU, US30, US500, US100 (HIGH)
– US Fed Interest Rate Decision at 21:00 (GMT+2); – USD, XAU, US30, US500, US100 (HIGH)
– US FOMC Press Conference at 21:30 (GMT+2). – USD, XAU, US30, US500, US100 (HIGH)

Thursday, December 11

On Thursday, the market’s attention will be focused on the Swiss National Bank (SNB) meeting: the rate is likely to remain at 0%, but any hints of a possible return to negative rates could boost demand for the Swiss franc as a safe-haven asset. Australian labor market data will also be released. A slight deterioration in indicators is forecast, and if the report confirms weak employment, the Australian dollar may come under additional pressure.

Main events of the day:

– Australia Unemployment Rate (m/m) at 02:30 (GMT+2); – AUD (MED)
– Sweden Inflation Rate (m/m) at 09:00 (GMT+2); – SEK (MED)
– Switzerland SNB Interest Rate Decision at 10:30 (GMT+2); – CHF (HIGH)
– Switzerland SNB Monetary Policy Assessment at 10:30 (GMT+2); – CHF (HIGH)
– Switzerland SNB Press Conference at 11:00 (GMT+2); – CHF (MED)
– UK BOE Gov Bailey Speaks at 12:00 (GMT+2); – GBP (LOW)
– Canada Trade Balance (m/m) at 15:30 (GMT+2); – CAD (MED)
– US Trade Balance (m/m) at 15:30 (GMT+2); – USD (MED)
– US Initial Jobless Claims (w/w) at 15:30 (GMT+2); – USD (MED)
– US Natural Gas Storage (w/w) at 17:30 (GMT+2). – XNG (HIGH)

Friday, December 12

On Friday, data from the UK will be the key driver for the markets.
The main focus will be on the publication of the GDP report. Last month, the figure was 0.1%, and current forecasts suggest zero growth. Any deviation from the forecast will be a significant factor for the pound. Weaker-than-expected data could increase pressure on the GBP amid fears of economic stagnation. Stronger-than-expected data could support the pound amid a more confident growth outlook.

Main events of the day:

– UK GDP (m/m) at 09:00 (GMT+2); – GBP (HIGH)
– UK Industrial Production (m/m) at 09:00 (GMT+2); – GBP (MED)
– UK Manufacturing Production (m/m) at 09:00 (GMT+2). – GBP (MED)

by JustMarkets, 2025.12.08

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