This year’s final trading week is upon us, with the world getting ready to welcome 2015.
Last week’s trading was quiet as expected, as Christmas was celebrated worldwide. We are expecting another mellow week, with New-Years celebrations begging on Wednesday.
It was another successful week for the USD, gaining ground on most currencies, pushed by a series of positive data from the US.
The EURO/USD reached a two-year low, heading below 1.22 and ending the week around 1.218, after finding solid support around 1.217 levels.
Wall-Street’s main indices also found new peaks this week, the DOW and the S&P closing the week once again on new all-time highs, and the NASDAQ reaching its highest point since March 2000, at 4800 points.
Key Market data this week:
Tuesday December 30rd:
07:00 – GBP: Nationwide HPI .
15:00 – USD: CB Consumer Confidence.
Wednesday, December 31th – New Year’s Eve. :
01:45-CNY: Manufacturing PMI
15:00 – USD: Pending Home Sales.
Thursday, January 1st - New Year’s Day:
Friday, January 2nd:
08:55 – EUR: German Manufacturing PMI.
09:28 – GBP: Manufacturing PMI.
15:00 – USD: Manufacturing PMI.