boxing-day-300x199Although the vast majority of the major economies celebrating Christmas returns to normal trading, on December 27 on the market will be absent several important players. All due to the so-called “boxing day”, in respect of which will not work among others the stock market in London.


Time of post-Christmas sales

While the tradition of “boxing day” derives from the Middle Ages and was associated with a custom of giving the servants or poor gifts packed in a “box” in Australia, Canada, New Zealand, Great Britain and other countries of the Commonwealth, in present times this day mainly is associated with start of sell offs in stores and shopping malls.

It is worth noting that Boxing Day is usually celebrated on the second day of Christmas, that is 26 December. However, if Christmas falls on a Sunday  the following Monday, Tuesday is also a day off from work  as is the case this year.

Due to the lack of liquidity in London and several other major centres, markets can still stagnate. In fact, the full activity will return to world markets starting from January 3, 2017 year.

Japanese list of market data

In the night our time we met a number of macroeconomic readings from Japan – which have proven to be highly mixed. Household spending, CPI, unemployment rate, and started building houses, were at worse levels than predicted by analyst’s forecasts:economic_calendar_-_investing-com_-_2016-12-27_10-12-15-j

Just after midnight it resulted in weakening of the Japanese yen against the US dollar and quotations of USDJPY clearly increased. European morning brought test of 117.26 from the top (lows of December 22) in a form of a candle pin bar, which so far has given a signal for bulls:

USDJPY H1
USDJPY H1

US data in the afternoon – what in the calendar?

We will take a look at macroeconomic calendar today at 14:55 and will be able to close it at 16:00. In this time, the United States will publish several indicators, of which the most important will be the December consumer confidence index:economic_calendar_-_investing-com_-_2016-12-27_10-13-23u

Calendar before the New Year

It’s worth looking at the macro-economic events in the coming days of this exceptionally quiet week. On Wednesday, just few readings of average importance, December 29, we will focus on data on unemployment and reserves of crude oil in the US, and on Friday (December 30th) once again shortened session awaits us in the UK and Germany. Poland will share data on consumer inflation and United States the December PMI index values according to the University of Chicago:economic_calendar_-_investing-com_-_2016-12-27_10-17-46

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