Webinar: FX Week Ahead: UK & US CPI; Fed, BOE, ECB in Coming Days
Volatility should pick up in the coming days as several key themes, events, and data releases converge all at once. November CPI readings from the UK and the US will help shape policy expectations for the BOE and the Fed in different ways at the central banks' respective upcoming policy meetings.
Inconsistent price pressures have Fed policymakers on edge, leaving open the possibility that the FOMC's new forecasts for inflation are downgraded. In turn, traders will want to keep an eye on how the Fed's dot plot and glide path evolve; a downgrade could hit the US Dollar.
Elsewhere, on Thursday, the Bank of England will gather for the first time since their November rate hike meeting that saw overwhelmingly dovish forward guidance deployed.
Finally, the European Central Bank will be in focus as they get ready to taper their QE program starting in January 2018. Upgrades to their inflation and growth forecasts could pave the way for Euro strength at the end of the week.
Other topics covered include:
- Why is the narrowing US yield curve a problem for the US Dollar longer-term?
- Why are non-calendar items like the Brexit negotiations and progress over the US tax reform bill still of high importance?
Upcoming Webinars for Week of December 10 to 15, 2017
Tuesday at 7:00 EST/12:00 GMT: Bitcoin Trading Strategy and Environment
Wednesday at 6:00 EST/11:00 GMT: Mid-week Trading Q&A
Thursday at 7:30 EST/12:30 GMT: Live Event Coverage: ECB Rate Decision
See the full DailyFX Webinar Calendar for other upcoming strategy sessions
--- Written by Christopher Vecchio, CFA, Senior Currency Strategist
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