The week ahead 031212

As the month starts will we see the continued volatility seen recently? The chances are high as December is generally a month of sparse trading in the markets so the usual data releases can have more of an effect on rates.

This week we have many data releases to move the markets with the key releases noted below:

Monday – UK US and EU Manufacturing PMI data, UK Halifax house price data. Speech by FED member Bullard.

Tuesday – Australian Interest Rate decision, UK Construction PMI, EU Producer Price Index, US Redbook Index and Canadian Interest Rate decision.

Wednesday – EU and UK Services PMI, EU retail sales, US mortagae data and Non-Manufacturing PMI and Factory Orders.

Thursday – Australian unemployment data, Swiss CPI, UK Trade balance, EU GDP, Bank of England interest rate decision and European Central Bank interest rate decision and press conference. Also Canadian PMI and New Zealand interest rate decision overnight.

Friday – RICS house price index in UK, Australian trade balance UK industrial and manufacturing production, US employment data and non-farm payrolls.

It’s a busy week so make sure you keep in touch with your broker at Currency Index if you have a currency transaction to do. With Christmas round the corner, let us take the stress of your transfer away so you can concentrate on getting in the festive spirit!