GIC, this time, breaks down the policy decisions of the FED, BOE, and ECB in a busy week. Here is a complete presentation of related news! The week ahead with Dukascopy TV. In macro. The week ahead is the busiest on the economic calendar, with 76 statistics in focus by the end of the week, December 10. In the previous week, 48 statistics were in focus. For the Dollar: Overall inflation and retail sales will be in focus in the first half of the week.

Following the Fed’s shift in stance on inflation, which expects both sets of data to be key. On Thursday, jobless claims, Philly FED Manufacturing PMI, and December private sector PMI will grab attention. However, the services PMI and jobless claims are expected to have the bigger impact. While the statistics will have some influence, the FOMC monetary policy decision, economic projections, and press conference will be the main drivers.

Markets will be looking for changes in interest rate forecasts and the adverse impact of inflation on the economic outlook. In the week ended December 10, the Dollar Spot Index slipped 0.02% to 96.097. For the Euro: The preliminary private sector PMI for December on Thursday and business sentiment figures on Friday will be in focus. Final euro zone inflation figures for November will also be of interest on Friday. The main event, however, will be the ECB monetary policy decision and press conference on Thursday.

That aside, will ECB President Lagarde continue to view the spike in inflation as transitory? For the week, the EUR slipped 0.02% to $1.1313. For the Pound: It’s a busy week on the economic calendar. Early in the week, claimant counts and inflation will be the key statistics due on Tuesday and Wednesday. Prelim private sector PMIs on Thursday will also be influential, with the services PMI the headline statistic.

The main event of the week, however, is the BoE monetary policy decision. A shift in sentiment towards policy has seen the Pound slide back to levels below $1.33 against the Dollar. A higher turnout would support a comeback. However, much will depend on the World Bank’s view on inflation and its impact on consumption. The Pound rose 0.28% to end the week at $1.3273.

For the Loonie: A relatively quiet week on the economic calendar. Inflation is back in the spotlight, with consumer price inflation figures due on Wednesday. Away from the economic calendar, crude oil prices and market risk sentiment will remain the main drivers. OPEC's monthly report on Monday will attract a lot of interest. The Loonie ended the week up 0.94% to C$1.2722 against the US Dollar. That's the explanation of news Forex, Commodity and other news articles such as "FED, BOE, ECB Policy Decisions in a Busy Week". Read other articles from us such as BRI Transfer Limits. Don't forget to trade on GICTrade by downloading the GIC application on the Google Play Store and Apple App Store.