| | | | | | | Dear Chika, | | | | Here's the latest on what's shaping the markets, what events you should keep an eye on for next week and where the possible trading opportunities might be. | | | | Potential opportunities for next week | | | | | | USDCNH could rise if PBOC lowers prime rate | | | | | | So, the Fed, BOE, ECB and the BOJ have all had their say this week. Up next week is the People's Bank of China, which could lower its benchmark loan prime rate in order to provide stronger support for its economy. | | | | Recent data out of China suggests slowing growth, and concerns are rising that its troubled property sector could be a bigger drag. Hence, lower rates which prompts some declines in the yuan would also help shore up the world's second largest economy. The cheaper currency could help make its exports more affordable to its customers worldwide which in turn potentially boosts China's output as well. | | | | | | | | | | | | | Key events that may cause volatility | | |  | | | | Monday: | | | | NZD: New Zealand November external trade, Q4 consumer confidence | | | | | | CNH: China loan prime rates | | | | | | | | | Tuesday: | | | | AUD: RBA minutes and weekly consumer confidence | | | | | | EUR: Eurozone December consumer confidence | | | | | | CAD: Canada October retail sales | | | | | | | | | Wednesday: | | | | NZD: New Zealand December consumer confidence | | | | | | | | | | US crude: EIA weekly US crude oil inventory report | | | | | | USD: US 3Q GDP and December consumer confidence | | | | | | | | | Thursday: | | | | JPY: Bank of Japan Governor Haruhiko Kuroda speaks | | | | | | USD: US initial weekly jobless claims, November personal income and spending, November PCE deflator and December consumer sentiment | | | | | | | | | Friday: | | | | US markets closed, European stock markets half-day | | | | | | | | | | | | | | | | | | We look forward to helping you get more from the markets. | | | | Kind regards,
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