With a new trading week comes new opportunities. 

So, we’ve gathered insights for the week ahead that highlight the current trends, scheduled events and potential movers to watch. Let’s get started. 

Calendar Events       

  • HCOB Eurozone Manufacturing PMI – Dec. 1 
  • S&P Global Canada Manufacturing PMI – Dec. 1 
  • US ISM Manufacturing PMI – Dec. 1 
  • Eurozone Flash CPI – Dec. 2 
  • Eurozone Unemployment Rate – Dec. 2  
  • Australia GDP – Dec. 3 
  • China Services PMI – Dec. 3 
  • Switzerland CPI – Dec. 3 
  • HCOB Eurozone Composite PMI – Dec. 3 
  • Eurozone PPI – Dec. 3 
  • US ADP Employment Change – Dec. 3 
  • US ISM Services PMI – Dec. 3 
  • Eurozone Q3 GDP  – Dec. 5
  • Canada Employment Change  – Dec. 5 
  • Canada Unemployment Rate  – Dec. 5
  • US Core PCE Index  – Dec. 5 
  • US Michigan Consumer Sentiment & Inflation Expectations  – Dec. 5
  • US Factory Orders – Dec. 5

Top Things to Watch  

Big Week for US Data 

This week kicks off with fresh data on economic momentum from the US ?? through Monday and Wednesday’s ISM PMI reports and the ADP Employment Change, giving an early signal on labor strength. By Friday, all eyes turn to inflation and sentiment as the Core PCE Index, which is the Fed’s favorite inflation gauge, and the Michigan surveys reveal how prices and household confidence are shaping the outlook. 

Why the DXY is trending? 

The US dollar index remained under pressure as markets leaned toward a more dovish Federal Reserve outlook. Growing expectations for rate cuts have pushed US Treasury yields lower, reducing demand for the dollar. This week’s upcoming data releases will be impacting rate expectations and could determine the dollar’s next direction. 

Broader risk sentiment is also influencing the greenback. Safe-haven flows have eased as global markets stabilize, causing markets to rotate out of the dollar and into risk-on currencies such as the euro, the pound and the Aussie dollar. 

  

 DXY Chart / Source: Acuity

Gold Steadies as Rate-Cut Bets Rise 

Gold is holding near recent highs as expectations of a Federal Reserve rate cut strengthen, pushing the US dollar lower and boosting the metal’s appeal. Ongoing geopolitical tensions and cautious market sentiment are also driving safe-haven demand, helping gold maintain its firm footing. 

Eurozone Data on Deck: Inflation, Growth & Jobs in Focus 

Monday brings Manufacturing PMI, followed by Tuesday’s flash Eurozone CPI, and the unemployment rate, a key mix of indicators on activity, inflation, and labor-market health. On Wednesday, Services PMI will be released alongside Eurozone PPI which will add another layer to the inflation picture, while Friday’s Eurozone GDP release will deliver the clearest read on the bloc’s overall momentum and the policy outlook for the ECB. 

BOJ Intervention Back in Focus 

Markets are watching the yen closely as fresh talk of potential BOJ intervention circulates, with officials signaling they’re prepared to step in if rapid currency weakness threatens financial stability or undermines inflation goals.