USD Up, EUR Down, GBP Up on Ray of Hope; US Jobless Claims

Note  The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts. 

Rates as of 0500 GMT

A word of greeting

This is my last comment for the year, so todays table includes all of this weeks important indicators. At the bottom I have a table with all of next weeks major indicators. Dont worry, there arent many. There are also no central bank speakers on the schedule at this point, although the newspapers and magazines that come out on 1 January often have some important interviews with leaders. 

I want to thank all my readers for bearing with me over the past year while I tried to make some sense out of what none of us have ever seen before. We use the knowledge and techniques that we learned in the past to understand the present, but what can we do in a situation like this, which none of us have ever seen before? If I have failed to understand some important points or made any mistakes that impacted your trading, I hope you will attribute it to the difficulty of the task at hand. 

I look forward to continuing our dialogue on the markets next year. 

Market Recap

Another day of small movements in the FX market. It looks like a riskoff move, with USD and JPY gaining and the commodity currencies easing, on fears about what a more virulent strain of the virus might do to economic…

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