Early-month indicators rush, attention on UK elections and US-China issues! Okachanman's key events of the week in 1 minute (Week of December 2)
This week’s economic indicators! Three important events to watch, according to Okachan-man
① Rush of indicators at the start of the month
② UK election
③ US-China issues
Ancient FX Blog
(Below is the transcript of the video)
Hello everyone, this is Okachan-man. This is a video titled “What to watch this week in 1 minute,” outlining the highlights for this week. First point is the rush of indicators at the start of the month. Second is the UK election, and third is the US-China issues.
First, the rush of indicators at the start of the month: this is the first week, so there are many important indicators. Among them, the policy rate, the RBA Australia, and the BOC Canada—these two policy rates are of particular interest. Also, as is customary at the start of the month, the employment statistics. This week Canada and the United States publish simultaneously, so employment data is in focus.
Next is the UK election. It seems unlikely the Conservative Party will change its leader. However, support rates rise and fall, which is noteworthy. The gap between Labour and Conservative support widens or narrows, causing the pound to be sold or bought. Also, the content of statements coming from the Conservatives is notable. In particular, how Prime Minister Boris Johnson discusses the Brexit deal and deadlines is again under scrutiny.
Third, the US-China issues: whether additional tariffs scheduled for December 15 will be postponed or imposed as planned is a key point. With only until the 15th, we expect an announcement this week or early next week, perhaps. There is also the Hong Kong issue: reports indicate demonstrations are becoming more intense, so how the U.S. Hong Kong Human Rights Act will affect matters, and how it will influence China relations, is another focus. Also, not exactly US-China related, but a public impeachment hearing for Trump is being held this week, so that’s something to watch as well.
This week, being the first week of the month, there is a constant stream of important scheduled events in addition to the indicator rush. I’ve summarized the dates and times on the blog, so please refer to that. Today marks December, and with only one month left. That said, the trading period I expect to be around two to three weeks more, so I think there will be plenty of opportunities this week. I’m determined to seize them.
Now, let’s do our best this week as well. This was Okachan-man.
