Major Economic Events:
RBA monetary policy decision (Dec. 6, 3:30 am GMT) – First up, we’ve got Australia’s central bank scheduled to announce their rate decision early in the week
Australia’s Q3 GDP (Dec. 7, 12:30 am GMT) – The action ain’t over for Aussie pairs even after the RBA decision, as the country’s third quarter GDP is up for release the next day.
BOC monetary policy statement (Dec. 7, 3:00 pm GMT) – Canada’s central bank is also expected to announce a 0.25% interest rate hike this week, slowing down from its earlier 0.50% rate increase.
U.S. leading inflation data – Uncle Sam has a couple of leading indicators on inflation to watch out for, namely the ISM services PMI due early in the week and the PPI report scheduled on Friday.
Chinese CPI and PPI (Dec. 9, 1:30 am GMT) – Weaker price pressures are eyed for China, as both the CPI and PPI might print subdued readings for November.
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