TC Economic Insight - The Week Ahead (Dec 11 - 15)


Kim Ming Lam


December 8, 2023



Min Read

TC Economic Insight - The Week Ahead (Dec 11 - 15)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of December 11 - 15:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

The Japanese yen has recently surged against the U.S. dollar, with the USD/JPY erasing gains made since August.

Dragged by the yen’s appreciation, Japan’s Nikkei 225 Index has also slid to test support at the 50-day moving average (around the level of 32300).

The yen is currently boosted by market expectations that the Bank of Japan (BOJ) will soon end its long-running ultra-easy monetary policy.

Investors are therefore watching closely the Bank of Japan Tankan Report (due Wednesday, December 13) in which sentiment of large Japanese enterprises is gauged.

According to Trading Central's "Economic Insight", the Tankan Large Manufacturers Index is expected to rise to 10 in the fourth quarter.

In the past 4 BOJ Tankan Reports, USD/JPY rose in 75% of times (3 out of 4 events) within one hour from the report’s release, marking a trading range of 26.60 pips on average.

Meanwhile, central banks of the U.S., the U.K. and the E.U. are expected to hold interest rates unchanged next week.

Other key economic data include:

Monday (December 11)

Japan Machine Tool Orders (NOV) expected to fall 12.0% on year.


Tuesday (December 12)

Australia Westpac Consumer Confidence Index (DEC) expected to rise 3.0% on month.

Australia NAB Business Confidence Index (NOV) to improve to -1.

Japan Producer Prices (NOV) to increase 0.6% on year.

U.K. Jobless Rate (OCT) to rise to 4.3%.

Germany ZEW Economic Sentiment Index (DEC) to fall to 7.5.

U.S. Inflation Rate (NOV) may tick down to 3.1% on year.

U.S. Core Inflation Rate (NOV) may remain stable at 4.0% on year.

Wednesday (December 13)

Japan BOJ Tankan Large Manufacturers Index (4Q) expected to improve to 10.

Japan BOJ Tankan Large Non-manufacturers Index (4Q) expected to fall to 21.

U.K. Industrial Production (OCT) to decline 0.1% on month.

U.K. GDP (OCT) to stay flat on month.

Eurozone Industrial Production (OCT) to drop 0.7% on month.

U.S. Producer Prices (NOV) to increase 1.3% on year.

U.S. Federal Reserve expected to keep key rate unchanged at 5.50%

Thursday (December 14)

Japan Machinery Orders (OCT) expected to grow 0.2% on month.

Australia Jobless Rate (NOV) to stay at 3.7%.

U.K. RICS House Price Balance (NOV) to tick up to -62%.

Bank of England expected to keep key rate unchanged at 5.25%.

European Central Bank expected to keep key rate unchanged at 4.50%. 

U.S. Retail Sales (NOV) to ease 0.1% on month.

U.S. Initial Jobless Claims (DEC/09) to increase to 227,000.

Friday (December 15)

China Retail Sales (NOV) expected to increase 11.0%on year.

China Industrial Production (NOV) to grow 5.8% on year.

Germany HCOB Manufacturing PMI (DEC) to rise to 45.1.

Eurozone HCOB Manufacturing PMI (DEC) to tick up to 44.4.

U.K. S&P Global Manufacturing PMI (DEC) to rise to 48.0.

U.S. New York State Manufacturing Index (DEC) to drop to 6.0.

U.S. Industrial Production (NOV) to edge up 0.1% on month.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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