One shouldn’t expect a Pre-New
Year week to be feverish or volatile: everything that had to happen has already happened. It’s time to take a break to save strengths and come back to financial markets in
the New Year as fresh as paint <a name=\'more\'></a> .
GBP: attention on Brexit
On December 31st,
the United Kingdom will finally exit
the European Union, with
the approved trade agreement. From this day on,
the parties will continue trading without quotas and fees, excluding
the service sector. This is good news for
the Pound but it’s already included in prices.
EUR: Christmas holidays
EUR: Christmas holidays
This year’s last week won’t bring anything special for EUR – no statistics, Brexit will go as it was planned 5 years ago, while local lockdowns shouldn’t hurt economies too much. EUR stands good chances to rise slowly.
Brent: trading around $51
Brent: trading around $51
On January 1st,
the OPEC’s decision that increases
the daily oil output by 500 thousand barrels will come into effect. Capital markets included this information into prices a long time ago but one shouldn’t exclude sudden and quick movements on a “thin” market. Brent’s target is $50-52.
Markets: everything is off for Christmas and
New Year
Markets: everything is off for Christmas and
New Year
This week, financial markets are expected to be non-volatile with occasional surges in
the activity due to
the absence of most investors in order to celebrate Christmas and
New Year.
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