A Week in the Market: Statistics Still in Abundance (18-22 December)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/12/18.12.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Statistics Still in Abundance (18-22 December)" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>This week is the final one in the 2023 macroeconomic calendar rich in statistical data. Capital markets will soon begin summarising the results of the year.</p>

<h2>USD: a significant volume of statistics</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1.jpg" alt="USD: a significant volume of statistics" class="wp-image-6219" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is gearing up to publish the second estimate of Q3 2023 <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a>, with expectations of economic growth. In addition, estimates of personal income and spending by Americans in November will be released, along with a core PCE inflationary report &ndash; the one the Federal Reserve is closely monitoring. The USD position may strengthen.</p>

<h2>EUR: in a strong position</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg" alt="EUR: in a strong position" class="wp-image-11306" srcset="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>There will not be many European statistics that could affect currency performance. A preliminary December report on <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> in the eurozone is worth paying attention to. Prices may have remained unchanged compared to the November results. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> rate is still relatively stable.</p>

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<h2>GBP: inflation and GDP</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-1200×627.jpg" alt="GBP: inflation and GDP" class="wp-image-1620" srcset="https://blog.roboforex.com/wp-content/uploads/2019/10/gbp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/10/gbp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK is set to release the November inflation data, potentially decreasing to 4.4% y/y from the previous value of 4.6%. In addition, one more estimate of Q3 GDP will be published. The economy may have shown a zero quarterly increase, with annual growth at 0.6%. The <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a> is currently aiming for local growth.</p>

<h2>JPY: awaiting changes</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-1200×627.jpg" alt="JPY: awaiting changes" class="wp-image-3316" srcset="https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/03/usdjpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of Japan will hold a meeting and likely keep the monetary policy structure unchanged, with the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> remaining negative at &minus;0.1% per annum. The market will closely monitor the regulator&rsquo;s comments, searching for <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> of its readiness to gradually change monetary policy. The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> exchange rate remains stable so far.</p>

<h2>China: interest rate revision</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/china-1.jpg" alt="China: interest rate revision" class="wp-image-6663" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/china-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/china-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/china-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>There will be hardly any significant statistics coming from China this week. The People&rsquo;s Bank of China will likely revise the loan prime rate, which currently stands at 3.45%. Its stability will be a good signal for assets linked to risk.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/18/a-week-in-the-market-statistics-still-in-abundance-18-22-december/">A Week in the Market: Statistics Still in Abundance (18-22 December)</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>