This first week of December is likely the busiest week of the year for Forex traders, as there are about 20 economic events ahead, all ranging from high to very high importance.
This means we can be sure of higher than usual volatility in just about every Forex pair as well as stock CFDs and metals. We're even expecting an announcement from OPEC which should move the energy market as well.
The big ones that everyone is waiting for is first, the ECB interest rate decision, where Mario Draghi is expected to announce an increase in monetary stimulus (a.k.a. quantitative easing).
Then the US Federal Reserve's chairwoman, Janet Yellen, is testifying in congress, where she is expected to give hints as to whether or not her central bank will or will not raise rates this month.
The week is rounded off with the US employment report on Friday which should deliver the final bang of volatility for the week, and perhaps the year.
After this week, liquidity and volatility should gradual subside until markets begin closing for the holidays, first on the 25th of December, and then on the 31st of December and the 1st of January. Don't expect to trade much during this time.
BOC's Carney speaks
RBA's Stevens speaks
BOC interest rate decision
Fed's Yellen speaks in Washington
ECB interest rate decision
ECB's Draghi press conference
Fed's Yellen speaks
Eurozone retail PMI
OPEC decision on oil supply