Volatility should be dying down even further over the coming days as traders wind down their books in the last full trading week of the year. Otherwise, pockets of event risk will mark trading this week given the isolated nature of the 'high' importance data releases; they are few and far between.
After five central bank meetings last week, only one appears on the calendar this week, the Bank of Japan;but traders shouldn’t dismiss the forthcoming meeting as most others in 2017 have been. November Canadian CPI on Thursday and the November US Durable Goods report on Friday should be the two most market-moving data releases this week.
Other topics covered include:
- Why is ongoing flattening of the US yield curve a problem for the US Dollar longer-term?
- Why has the tax reform bill led to strong US equities but not higher US Treasury yields or a stronger US Dollar?
- What are rate expectations like heading into 2018?
Read more: Sideways Trading Through End of 2017 Looks Likely for Euro
Upcoming Webinars for Week of December 17 to 22, 2017
Wednesday at 6:00 EST/11:00 GMT: Mid-Week Trading Q&A: Holiday Forecasts
Thursday at 7:30 EST/12:30 GMT: Central Bank Weekly
See the full DailyFX Webinar Calendar for other upcoming strategy sessions
--- Written by Christopher Vecchio, CFA, Senior Currency Strategist
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