Top 4 currencies to watch out for in December

Monthly Forecash Octa Forex

Jingle bells all the way, but the market never sleeps, and we have a lot to anticipate before 2020 is here. Check out the most important events you wouldn’t want to miss this month.

USD

As you might have noticed, USD isn’t at its best right now, but there is always room for surprise. However, it’s still useful to remember that constant China-US game of push and pull regarding restrictions and sanctions.

Nonfarm Payrolls (Nov) (5th of December)
Fed’s Monetary Policy Statement (11th of December)
Retail Sales Control Group (Nov) (13th of December)
Gross Domestic Product Annualized (20th of December)

EUR

The lower USD performs, the higher EUR climbs - that’s the principle. Euro performing at its lowest in November is pretty unstable, exhibiting both bearish and bullish trends. All eyes are on Markit November PMI - don’t miss on that one!

ECB Interest Rate Decision (12th of December)
ECB Monetary Policy Statement and Press Conference (12th of December)
Markit PMI Composite (Dec) (20th of December)

GBP

Brexit is at it again (we are going to miss all the fuss and extreme volatility once it’s over. If it’s over). Lately, GBP performed worse among the major currencies, mostly because of all the evidence pointing that after the election on the 12th of December, Great Britain is going to have a hung Parliament. 

Parliamentary Election (12th of December)
Markit Services PMI (Dec) (16th of December)
Consumer Price Index (YoY) (Nov) (18th of December)
BoE MPC Vote Cut (19th of December)

AUD

The Australian dollar has been more or less stable lately, but that’s no surprise - its performance depends a lot on Australian businesses within mainland China. It’s better to monitor the overall situation with China-US, which might influence AUD and help its growth.

RBA’s Governor Lowe speech (9th of December)
Commonwealth Bank Manufacturing PMI (Dec) (15th of December)
RBA Meeting Minutes (17th of December)
Unemployment Rate s.a. (Nov) (19th of December)
It’s time to apply your knowledge to your trading strategy! Make sure to set notifications for important events and enjoy the fundamental side of Forex.



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