The New Year Week Ahead 28th – 31st December 2020

Overview for the Week Ahead 

U.S. 

This week is another shortened week and yet it is a relatively busy week ahead on the economic data front, with U.S stats making up for most of the stats due out. 

Chicago PMI numbers are due out on Wednesday. 

Of greatest significance, however, are the all-important initial jobless claims figures that are due out on Thursday. 

Other stats including housing sector and trade data that will likely have a muted impact on the Dollar. 

It’s a shortened week, with the U.S markets closed on Friday. 

Europe

t’s a particularly quiet week ahead on the economic data front, with most European markets closed on Thursday and Friday. French jobseeker totals on Monday and preliminary inflation figures for Spain on Wednesday are the only stats to consider. 

In general, it is not that these numbers are expected to have a material impact on the EUR. 

Economic data from China and Brexit and COVID-19 news will remain the key drivers in the week. 

U.K. 

It’s another shortened week, with the UK markets closed on Monday and Friday and set for an early close on Thursday. 

Key stats are limited to December house price figures that will likely have a muted impact on the Pound. 

The main area of focus in the week will remain Brexit and updates on COVID-19. For the Pound, the House of Commons vote on 30th December will be the main event. 

COVID-19 

COVID-19 continues to rage around the world and with lockdowns and restrictions continuing, there are still bans in place on UK travellers, although France has reopened its border, easing the trucks backlog. 

Many nations have placed restrictions on travel and gatherings over the holiday period, to limit the spread of infections. But there has been some loosening of restrictions in areas in the UK. The world will be waiting over the next few weeks to see how much the virus has spread over the holidays. 

All these events and more have the potential to influence the markets which means there is plenty of trading opportunities. 

Today’s High Impact Events

The times below are GMT+2. 

Monday 28th December 

  • No high impact events today.   

Tuesday 29th December 

  • No high impact events today.   

There is a low impact event: S&P/CS Composite-20 HPI y/y.  

Wednesday 30th December  

  • No high impact events today.   

There are low impact events from the U.K., Europe, Switzerland and the U.S. 

Thursday 31st December 

  • No high impact events today.   

There are low impact events from China, and the U.S. 

Friday 1st January 

  • Happy New Year to all! 

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