Market Overview

Important upcoming events and publications

Important upcoming events and publications for December, 6 (GMT):

Oil exporting countries meeting within OPEC+ can seriously affect oil prices and overall demand for risky assets. Market participants will follow the comments during the day and mention all the statements from the largest oil-producing countries. Special attention to Saudi Arabia and Russia.

13:15 U.S. ADP Nonfarm Employment Change is the closest one to the Friday’s Payrolls, and sometimes has a serious effect USD quotes. November’s forecast – 196K, due to 227K a month earlier.

13:30 U.S. Foreign Trade Balance is in focus of American politicians, in connection with the trade disputes with China. Therefore, it can cause a violent reaction on the markets. In general, the deficit widening is a negative factor for USD.

13:50 Stephen Poloz, head of the Bank of Canada, speaks. His statements may cause a volatility of #CAD pairs, as they may contain the explanations of yesterday’s comments about monetary policy.

15:00 U.S. ISM Non-Manufacturing PMI had risen to multi-year peaks in September, reflecting the economy growth rate. In November, the some cooling is expected, from 60.3 to 59.2. Significant deviations from the forecasts can affect dynamics pairs with USD.

See the detailed Economic calendar here

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