So we enter the first week of the last month of this calendar year. December is usually considered a dull month in terms of the global turnover of trade volume, due to the holiday season with slight slumps in liquidity. However this week is packed with a lot of action and expectations.
The week begins with not too much action, with only US ISM data due for release on Monday, but as we move into the week, it starts getting interesting. We have the interest rate decisions due for release by 3 of the central banks, starting with the RBA, Reserve Bank of Australia due today. Though the consensus/forecast is of no rate change, across all the banks; it is the policy announcements and statement made by the bank governor which act as the major market movers, unless the markets have already priced in the expectations or forecasts.
The week begins with not too much action, with only US ISM data due for release on Monday, but as we move into the week, it starts getting interesting. We have the interest rate decisions due for release by 3 of the central banks, starting with the RBA, Reserve Bank of Australia due today. Though the consensus/forecast is of no rate change, across all the banks; it is the policy announcements and statement made by the bank governor which act as the major market movers, unless the markets have already priced in the expectations or forecasts.