WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between December 12th 2022 and December 16th 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
US Dollar Index (DXY) extends the previous weekly gains, the first in three weeks, with investors bidding that it will refresh its high level of 105. Getting into the week, investors are focusing on the Interest rates release along with the FOMC meeting, with the expectations to be the rates to be hiked once again
Gold
Gold started the week with a small pullback, the first after 4 straight winning days. The pullback can be linked to the US Dollar’s recovery. However, a lack of major data/events on Monday challenges the bullion sellers. The focus is for this week the FOMC meeting, and the rates increase, which can show to investors how the FED officials see inflation going, through rates increase aggressively or not.
Oil
Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. The price gains on Monday for Brent and WTI came after both grades fell last week to their lowest since December 2021 amid concerns that a possible global recession will impact oil demand.
Stocks
Ahead in the week, market participants will be closely monitoring consumer price index data on Tuesday, and the Federal Reserve’s interest rate decision and statement on Wednesday, with policymakers set to raise rates by 50 basis points following four months of 75 bps hikes. In addition, traders will be watching retail sales, manufacturing and services PMIs, industrial production, and the Philadelphia Fed Manufacturing Index.
Economic calendar most important releases – All times are GMT
Monday, December 12, 2022
20:25 CAD BOC Gov Macklem Speaks
Tuesday, December 13, 2022
11:00 GBP BOE Gov Bailey Speaks
13:30 USD CPI m/m
13:30 USD CPI y/y
13:30 USD Core CPI m/m
22:30 AUD RBA Gov Lowe Speaks
Wednesday, December 14, 2022
07:00 GBP CPI y/y
19:00 USD FOMC Economic Projections
19:00 USD FOMC Statement
19:00 USD Federal Funds Rate
19:30 USD FOMC Press Conference
21:45 NZD GDP q/q
Thursday, December 15, 2022
00:30 AUD Employment Change
00:30 AUD Unemployment Rate
08:30 CHF SNB Monetary Policy Assessment
08:30 CHF SNB Policy Rate
09:00 CHF SNB Press Conference
12:00 GBP MPC Official Bank Rate Votes
12:00 GBP Monetary Policy Summary
12:00 GBP Official Bank Rate
13:15 EUR Main Refinancing Rate
13:15 EUR Monetary Policy Statement
13:30 USD Core Retail Sales m/m
13:30 USD Empire State Manufacturing Index
13:30 USD Retail Sales m/m
13:45 EUR ECB Press Conference
Friday, December 16, 2022
08:15 EUR French Flash Services PMI
08:15 EUR French Flash Manufacturing PMI
08:30 EUR German Flash Manufacturing PMI
08:30 EUR German Flash Services PMI
09:30 GBP Flash Manufacturing PMI
09:30 GBP Flash Services PMI
14:45 USD Flash Services PMI
Thanks for reading! Have a great week! 
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