Talking Points:
• Though it is still more than a week away, anticipation for the Fed decision will distort markets well in advance
• After the unexpected reaction to the ECB rate decision last week, expectations for this key event are upended
• Among top event risk this week is a round of key China data as well as RBNZ, BoE and SNB rate decision
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. We have come off an exceptionally dense fundamental week and now dive into a period of uneasy anticipation. We certainly have key event risk scheduled for release this week, but the entire market will be distracted and reshaped by the intense anticipation of the Fed rate decision on December 16. The influence this single event carries in the FX and global financial markets is so extensive that positioning will be delayed, skewed and/or thinned. That creates an unusual trading environment for us to deal with this week through event risk like a key round of Chinese data as well as RBNZ, BoE and SNB rate decision. We discuss the unique trading conditions ahead in this week's fundamental webinar.
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