CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

December 2023 EVENTS - 30/11/2023

Micro Analysis

30 November, 2023

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

December 2023 EVENTS

  • US ISM Manufacturing PMI for November (December 1 at 15:00 GMT)

November’s ISM Manufacturing PMI is expected to print 47.2. The previous print was 46.7.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Reserve Bank of Australia Interest Rate decision (December 5th at 03:30 GMT)

The RBA will meet to decide on interest rates. The current rate is 4.35%, the highest since 2011.

Possible Influence: Volatile Australian Dollar

  • Bank of Canada Interest Rate decision (December 6th at 15:00 GMT)

The Bank of Canada will meet to decide on interest rates. The current rate is 5.00%, the highest since 2001.

Possible Influence: Volatile Canadian Dollar

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (November) (December 8th at 13:30 GMT)

The Unemployment rate for October came in at 3.9%, higher than expected 3.8%. Non-Farm Payrolls for October came in at 150,000, missing analysts’ expectations for a figure of 180,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US Inflation data (November) (December 12th at 13:30 GMT)

Core CPI (excluding food and energy) was 4.0%, Year-over-Year in October. Top-line CPI for October came in at 3.2%, Year-over-Year, lower than the expected 3.3%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US Federal Reserve Meeting and Press Conference (December 13th at 19:00 GMT and 19:30 GMT)

The U.S. Central Bank’s meeting concludes on December 13th. They will announce their latest interest rate decision and hold a press conference after to discuss their outlook moving forward as well as their plans for adjustments to their balance sheet. The current rate is 5.5%. Rates were unchanged at their last meeting on November 1st.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Bank of England Meeting (December 14th at 12:00 GMT)

The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.25%. No changes are expected to be announced in December.

Possible Influence: Volatile British Pound and British stocks

  • European Central Meeting (December 14th at 13:15 GMT)

The ECB Policymakers will meet to decide on interest rates. The current rate is 4.50%, which is its highest since 2001. No changes are expected to be announced in December.

Possible Influence: Volatile EUR and GER30 stock Index

  • Retail Sales in the US (November) (December 14th at 13:30 GMT)

Retail Sales declined by 0.1%, Month-over-Month, in October, which was better than expected by the market (-0.3%).

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • ISRAEL- HAMAS WAR CONTINUES (December)

Despite recent ceasefire and a sever days of truce agreed by Hamas and Israel due to hostage exchanges, the Israeli officials reiterated they will continue fighting in Gaza after the truce ends, meaning that the war could continue in December.

Possible Influence: Volatile Gold, Oil, Natural Gas and Global Stock prices.

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