The Week Ahead, Economic Data
It’s a particularly busy week ahead on the economic calendar, with 95 stats in focus in the week ending 18th December.
Inflation Is on the Way for 2021
The United States hasn’t seen significant inflation in almost 40 years. That may change soon, thanks to a massive federal deficit, pent-up demand when quarantine restrictions are released.
Morocco establish full relations
The Secretary-General of the World Assembly of Islamic Awakening condemned the normalization of Moroccan relations with the Zionist regime, calling it a betrayal of the Islamic world.
EUR/USD May Rise To 1.22
Euro/dollar's consolidation may be coming to an end as worries about the virus, US stimulus, and Brexit are holding the EUR/USD pair back
Annual GDP in euro area
EU: Annual GDP in euro area contracts by 4.3% in Q3 vs. 4.4% expected
EUR/USD still targets the 1.2200 level
According to FX Strategists at UOB Group noted the positive outlook for EUR/USD, which continues to target the 1.2200 level.
Final push for Brexit trade deal
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen instructed their negotiators to resume trade talks on Sunday.
UAE, Jordan condemn assassination of Iranian scientist
The United Arab Emirates and the Kingdom of Jordan have condemned the Friday assassination of Iranian nuclear scientist Mohsen Fakhrizadeh.
Zarif urges EU to leave double standards on assassination
Iranian Foreign Minister called on the international community, especially the European Union, to abandon double standards and condemn the act of state-sponsored assassination.
Natural Gas Markets Forecast
The natural gas markets pulled back a bit on Friday, to give back some of the gains that we found on Thursday. But we are still very well supported.