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.

Tuesday

Eurozone PMIs
German unemployment
BOC's Carney speaks
Canadian GDP

Wednesday

RBA's Stevens speaks
Australian GDP
Eurozone CPI
ADP employment
BOC interest rate decision
Fed's Yellen speaks in Washington

Thursday

UK PMI
ECB interest rate decision
ECB's Draghi press conference
Fed's Yellen speaks
ISM non-manufacturing

Friday

Eurozone retail PMI
OPEC decision on oil supply
Canadian employment
Non-farm payrolls

The information provided is for educational purposes only and should not be considered as investment advice.