CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

DECEMBER 2024 EVENTS - 28/11/2024

Micro Analysis

28 November, 2024

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

  • US ISM Manufacturing PMI for November (December 2nd at 15:00 GMT)

ISM Manufacturing PMI previous print was 46.5. The number was lower than the expected 47.6.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • OPEC+ Ministerial Meeting (December 5th)

OPEC members (including Russia) will meet and will discuss the current deal. In November OPEC delayed unwinding production cuts until January. OPEC might decide to delay again according to reports.

Possible Influence: Volatile Crude oil

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (November) (December 6th at 12:30 GMT)

The previous month had unemployment at 4.1%. Nonfarm Payrolls for the previous month printed 12,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Reserve Bank of Australia Interest Rate decision (December 10th at 04:30 GMT)

The RBA will meet to decide on interest rates. The current rate is 4.35%.

Possible Influence: Volatile Australian Dollar

  • Bank of Canada Meeting (December 11th at 14:45 GMT)

The Bank of Canada will meet to set interest rates. They are currently 3.75% after the bank cut interest rates in October by 50 basis points. Rates are expected to be cut by 25 basis points this month, but it might choose a larger 50 basis point cut.

Possible Influence: Volatile Canadian Dollar and Canadian Stocks

  • US Inflation data (November) (December 11th at 13:30 GMT)

Core CPI (excluding food and energy) was 3.3%, Year-over-Year in October. Top-line CPI for October came in at 2.6%, in line with expectations.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • European Central Bank Meeting (December 12th at 13:15 GMT)

The European Central Bank will meet to discuss interest rates. Rates are currently at 3.40% after a rate cut of 25 basis points in October. Rates are expected to be cut by 25 basis points.

Possible Influence: Volatile EUR, GER40 index

  • Federal Reserve meeting and press conference (December 18th at 19:00 GMT and 19:30 GMT)

The Federal Open Market Committee of the U.S. Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 4.75%, after a 25 basis point cut in November. Analysts expect the rate to be cut by 0.25% to 4.50% at this meeting.

Possible Influence: Volatile US Dollar, Stocks, Gold

  • Retail Sales in the US for (November) (December 17th at 13:30 GMT)

Month-over-Month Retail Sales was at 0.4% in October, which was slightly higher than the 0.3% expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Bank of Japan Meeting (December 19th at 03:00 GMT)

The Bank of Japan will meet to set its interest rates. In July the bank increased rates by 15 basis points to 0.25%.

Possible Influence: Volatile Japanese Yen

  • Bank of England Meeting (December 19th at 11:00 GMT)

The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 4.75% and expectations are that they may remain unchanged this month. The last BoE cut was by 0.25% in November.

Possible Influence: Volatile British Pound and British stocks

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