breaking news Get ready for a successful week in the markets

I want to say that the reaction to the US producer price data last week was in itself somewhat telling, that market participants are simply not willing to firm up their beliefs until we have not fixed this week. The dollar rose but rallied all the way back as tension continues to build ahead of major risk events in the coming days.

We’ll start tomorrow with the US consumer price inflation report, before focusing on the central bank bonanza – in which we’ll have the Fed on Wednesday, then the SNB, BOE and ECB Thursday. Amid all of this, we’ll also get Australian and UK labor market reports, UK inflation data, US retail sales and preliminary PMI data for December.

It all depends on the economic calendar and event risks, so headlines are going to be paramount this week.

The BOJ will wrap things up on Tuesday next week, but in all likelihood this could very well be the last full-fledged trading week of the year before liquidity conditions start to ease.

So hang in there. Take out the popcorn. It will be a thrilling and wild race ahead of the weekend ahead.