This week will see much less activity than last week last week, with almost no important data due at all. The middle of the week will see most of the world’s key markets on holiday. These factors tend to slow the market, but as it is year end and we are seeing some strong movements, the momentum may well continue with more strong moves despite the holidays and absence of key data.
The market is likely to be most active on Thursday.
Monday is a public holiday in Japan, Germany, Australia and New Zealand.
Tuesday is a public holiday everywhere except Japan.
Wednesday is a public holiday in the U.K., Switzerland, Germany, Italy, and Canada.
U.S. Dollar
It will be a quiet week for the U.S. Dollar with nothing important due except CB Consumer Confidence data on Thursday.
Japanese Yen
It will be a quiet week for the Japanese Yen with nothing important due except a minor speech from the Governor of the Bank of Japan on Thursday.