Weekly Outlook

Weekly Outlook

Weekly Outlook: Dec 11 - Dec 15

On Tuesday, USD dollar is making attempts to restore part of its previously lost positions

At the beginning of the week, the global market sentiment remains restrained, as stock markets are under pressure despite the start of the Christmas sales season in the US and Europe. 

Asian stock indexes ended mostly lower on Tuesday, following a mixed dynamic from Wall Street, as market participants struggled for direction in the light of an empty economic calendar.  

Personal Consumption Expenditures or simply the PCE Index will be released on Thursday as of 13:30 GMT, with a core measure standing at an annual growth rate of 1.4 percent and a month-over-month increase of a mere 0.2 percent.  

On the first trading day of the week, the FOREX currency market continues the trend of the previous days. 

The last week was not very rich in the news background, but at the same time it was quite interesting in terms of market dynamics. Last week, global stock markets demonstrated significant growth.

The oil market will be in focus in the next few days as the Organization of the Petroleum Exporting Countries and a group of independent producers gather to discuss a potential extension of the so-called production cuts agreement.