Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 15:00 |  | 3 points | CB Consumer Confidence (Dec) | 112.9 | 111.7 |
| 18:00 | | 2 points | 2-Year Note Auction | ———- | 4.274% |
| 23:50 |  | 2 points | Monetary Policy Meeting Minutes | ———- | ———- |
Summary of Upcoming Economic Events on December 23, 2024
- US CB Consumer Confidence (15:00 UTC):
- Forecast: 112.9, Previous: 111.7.
This measures consumer sentiment toward the economy. A higher-than-expected reading would support the USD, signaling optimism and strong consumer activity. A weaker reading might indicate concerns about economic stability, potentially weighing on the USD.
- Forecast: 112.9, Previous: 111.7.
- US 2-Year Note Auction (18:00 UTC):
- Previous Yield: 4.274%.
Auction results will indicate demand for short-term US debt. Higher yields reflect increased inflation expectations or reduced demand, potentially supporting the USD. Lower yields suggest easing pressures.
- Previous Yield: 4.274%.
- Japan Monetary Policy Meeting Minutes (23:50 UTC):
- Details from the recent BoJ meeting may provide insights into the central bank’s future policy direction. Hawkish tones (e.g., acknowledging inflation pressures) would support the JPY, while dovish signals could weigh on the currency.
Market Impact Analysis
- US Consumer Confidence:
- Positive Scenario: A higher reading would indicate resilient consumer spending and economic optimism, supporting the USD.
- Negative Scenario: A decline might signal caution, pressuring the USD.
- US 2-Year Note Auction:
Rising yields would reflect increased demand for returns or expectations of persistent inflation, supporting the USD. Weak demand could result in lower yields and weigh on the currency. - Japan Monetary Policy Meeting Minutes:
Any discussion of inflationary pressures or potential policy adjustments would strengthen the JPY. Continued dovishness would likely maintain downward pressure on the currency.
Overall Impact
Volatility: Moderate, primarily driven by US consumer confidence and bond auction results.
Impact Score: 6/10, with a focus on US sentiment and auction outcomes influencing USD movements, while Japan’s minutes may affect the JPY subtly.
