The week is technically over, but the weekend carries heavy weight for APAC traders, who will have to monitor the Asian giants before markets reopen.
Saturday night turns the eyes towards China, with the release of the NBS Manufacturing & Non-Manufacturing PMIs (21:30 ET). These figures are critical for gauging the health of the world’s second-largest economy and will likely set the tone for the AUD at the Sunday open.
Sunday evening brings the main event for the Yen: BoJ Governor Ueda is scheduled to speak at 21:05 ET. Following the recent hot inflation data, markets will hang on his every word for hints of a December rate hike.
Monday’s session kicks off December with a bang, starting with the European Manufacturing PMIs (04:55 A.M. ET) to check the pulse of the Eurozone factory sector.
The US Session will be dominated by heavy hitters, quenching the thirst for volatility immediately: The day effectively starts at 09:00 A.M. ET with a speech from Fed Chair Powell – But with the Fed in Blackout, nothing much is expected to be heard.
This is followed by the heavy-influence ISM Manufacturing PMI at 11:00 A.M. ET. Traders will look closely at the Employment and Prices Paid sub-indices to see if inflation is re-accelerating in the goods sector.
Canadian Manufacturing PMI (10:30 A.M.) will also be in the mix.
Monday evening puts the focus back on the Aussie with Building Permits (20:30 ET) to wrap up the first day of the month.
Safe Trades and enjoy your weekend!
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