Markets anticipating the holidays has been the theme all week, but it should also be noted that as time goes on it appears that the omicron variant is not going to cause massive shutdowns, so that has created more of a “risk on” attitude for the markets in general. As long as we do not have to worry about lockdowns, it should foster a more risk conducive type of environment that traders will be looking to take advantage of.
A quiet week ahead in the run up to new year’s. Most impactful events are listed below.
03:00 PM – US CB Consumer Confidence
01:30 PM – US Goods Trade Balance (Nov)
03:00 PM – US Pending Home Sales
03:30 PM – US Crude oil inventories
01:30 PM – US Jobless Claims
01:00 AM – CNY Chinese PMI