Focus of the markets is on US November nonfarm payrolls tomorrow. Next week is the Federal Reserve meeting, the European central bank meeting and the Bank of England meeting. The European central bank’s tapering view for the first quarter of next year can shake the markets. I do not expect the Federal Reserve to cause any furor. The new Federal Reserve chairman in February could be the bartender for global financial markets.
The US dollar could weaken if there is any indication that US payrolls (NFP) could consolidate in a 160,000-230,000 range for the next few months.
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This post was published at GoldSeek on 7 December 2017.