Economy

Get the latest news and the most interesting market movements!

There are three main market drivers these days: vaccine, Brexit, and US stimulus package.

The BOE will announce its monetary policy and rate decision on Thursday at 14:00 MT time.

This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.

The ECB statement and US unemployment claims will be out today. How the market will react?

The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time.

The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.

All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down yesterday after UK Prime Minister Boris Johnson claimed he was ready to abandon negotiations.

The Bank of Canada (BOC) will release the rate statement with an update on the interest rate on December 9, at 17:00 MT time.

The Non-Farm payrolls are announced on Friday at 15:30 MT time.

The United States will publish its PPI and core PPI on December 11, at 15:30 MT time.

S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.