DECEMBER 2025 EVENTS
- Russia-Ukraine conflict: Top Trump envoy Witkoff to meet President Putin in Moscow (December 1 - December 6)
Steve Witkoff, President Trump’s special envoy is flying to Moscow to meet with President Putin to discuss a now modified peace deal proposal between Russia and Ukraine. Ukraine has provisionally accepted the 19- point plan. If Russia rejects the deal, US oil sanctions enacted in October will remain on Russia and tensions over Ukraine will continue. The EU will phase out Russian LNG by 2027.
Possible Influence: Volatile Gold, Silver, Crude Oil and Natural gas
- US ISM Manufacturing PMI (November) (December 1st at 15:00 GMT)
The ISM Manufacturing PMI previous print was 48.7. The number was lower than the expected 49.4.
Possible influence: Volatile US Dollar, Gold and US Stocks
- Reserve Bank of Australia (RBA) Interest Rate decision (December 9th at 04:30 GMT)
The RBA will meet to decide on interest rates. The current rate is 3.6%.
Possible Influence: Volatile AUD/USD
- Federal Reserve meeting and press conference (December 10th at 19:00 GMT and 19:30 GMT)
The Federal Open Market Committee of the U.S. The Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 4.0%, after a 25-basis point cut in October. Analysts expect the rate may be cut by 25 bps this month to 3.75%, but there is also a chance that rates could remain unchanged.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (November) (December 16th at 13:30 GMT)
The previous month (September) had unemployment at 4.4%. Nonfarm Payrolls for the previous month (September) printed 119,000. October’s NFP figures will not be published.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Retail Sales in the US (November) (December 17th at 13:30 GMT)
Month-over-Month Retail Sales was at 0.2% in September, which was lower than 0.4% expected.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of England (BoE) Meeting (December 18th at 12:00 GMT)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 4.00% and there is a possibility that the bank may decide to cut by 25 basis points. The last BoE cut was by 0.25% in August.
Possible Influence: Volatile GBP/USD and UK stocks
- European Central Bank (ECB) Meeting (December 18th at 13:15 GMT)
The European Central Bank will meet to discuss interest rates. Rates are currently at 2.15% after a rate cut of 25 basis points in June. It's likely that rates will remain unchanged this month.
Possible Influence: Volatile EUR/USD, Gold
- US Inflation (CPI) data (November) (December 18th at 13:30 GMT)
Core CPI (excluding food and energy) was 0.2%, Month-on-Month in September. Top-line Year on Year CPI for September came in at 3.0%, just below expectations. October’s CPI figures will not be published.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of Japan Meeting (December 19th at 04:00 GMT)
The Bank of Japan will meet to set its interest rates. In October the bank kept interest rates at 0.50%. There is a possibility that rates might be increased to 0.75% in December.
Possible Influence: Volatile USD/JPY