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Major USD, UK, & EUR Events to Watch This Week

  

Significant events to watch:

-US (USD): U.S. Building Permits

-UK (GBP): U.K. Gross Domestic Product (GDP) YoY

-EU (EUR): Eurozone Consumer Price Index (CPI) YoY

US (USD): U.S. Building Permits – Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The previous reading was 1.498Mbetter than the expected 1.487M. The next report is due on December 19, 13:30 GMT. Its forecast stands at 1.470M.

UK (GBP): U.K. Gross Domestic Product (GDP) YoY – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The previous reading came out to be 0.6%, better than the expected 0.5%. The next report is due on December 22, 07:00 GMT. Its forecast stands at 0.6%..

EU (EUR): Eurozone Consumer Price Index (CPI) YoY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The previous actual data was 2.4% less than the forecast 2.7%.The upcoming report is due on December 19, 10:00 GMT and its forecast figure also stands at 2.4%.

Risers and Fallers

-Dow Jones (+2.90%)

-Netflix (+2.84%)

-Amazon (+3.04%)

-Natural Gas (+4.20%)

Dow Jones– The index demonstrated a positive performance last week, surging by 2.90 % in value. Note that the Dow Jones has depreciated almost 9.5% in the previous 6 months.

Meta – Meta’s stock climbed by nearly 2.84% in the last 5 days. The stock has shown a remarkably positive performance this year, registering over 60% gains till date.

Amazon – The stock displayed an uptick performance previous week, adding 3.04% in value. It has almost gained 74% year-to-date.

Natural Gas – Natural Gas’ price increased by 4.20% during the previous week. The commodity is now trading at 2.54 USD.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

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