Here is what you need to know about the important news between December 05th 2022 and December 09th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index – Gold
Open interest in gold futures markets shrank by around 7K contracts at the end of the week, partially reversing the previous build according to preliminary readings from CME Group. Volume followed suit and went up by around 43.6K contracts following two daily pullbacks in a row.
Oil
CME Group’s flash data for crude oil futures markets noted traders trimmed their open interest positions for the second day in a row on Friday, this time by around 9.3K contracts. In the same line, volume dropped by around 79.4K contracts, partially reversing the previous build.
Stocks
The S&P 500 rally is showing tentative signs of stalling. Analysts at Credit Suisse remain of the view strength from October has been a bear market rally and look for a break below 3907/06 to establish a “double top.”
Economic calendar most important releases – All times are GMT
Monday, December 5, 2022
04:30 GBP Composite PMI (Nov)
04:30 GBP Services PMI (Nov)
10:00 USD ISM Non-Manufacturing PMI (Nov)
Tuesday, December 6, 2022
04:30 GBP Construction PMI (Nov)
10:00 CAD Ivey PMI (Nov)
12:00 USD EIA Short-Term Energy Outlook
23:30 INR Interest Rate Decision
Wednesday, December 7, 2022
10:00 CAD BoC Interest Rate Decision
10:30 USD Crude Oil Inventories
18:50 JPY GDP (QoQ) (Q3)
Thursday, December 8, 2022
07:00 EUR ECB President Lagarde Speaks
08:30 USD Initial Jobless Claims
13:00 EUR ECB President Lagarde Speaks
Friday, December 9, 2022
08:30 USD PPI (MoM) (Nov)
Thanks for reading! Have a great week! 
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