WEEKLY MARKET REVIEW – DECEMBER 19-23 2016

WEEKLY MARKET REVIEW – DECEMBER 19-23 2016

 

Canada’s and US’ inflation data will be this week’s main events

 

Forex

USD/CAD, Daily

USDCAD

The USD was the favorite trading currency last week thanks to positive economic statistics. Fed’s meting also impacted the currency. In addition, the central bank announced plans to raise rates three times in 2017.

Meanwhile, traders also paid attention to Bank of England’ interest rate decision. It turned out that the regulator decided to leave the interest rate unchanged.

The coming week will be full of economic statistics. Bank of Japan’s meeting starts today. Canada’s and the US’ inflation data will be published later this week.

Stock Market

USA

S&P500, Daily

SP500

Last week, the US stock markets recorded slight changes. Only oil prices grew significantly and provided some impact on market.

This week, US data will be the main event.

 

Europe

DAX, Daily

DAX

The European stocks continued their growth last week after the ECB meeting, thanks to rising oil prices.

Meanwhile, the positive economic statistics also contributed to the growth of stock markets. Next week, the stock markets will be influence by the EU economic statistic.

 

Commodities

Brent Oil, Daily

BrentOil

Oil showed a downward trend last week. This was due to the agreements reached by non-OPEC countries to reduce production volumes. However, the API and the US Department of Energy decisions also influenced oil.

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