Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Compared to last week, this week is less risk heavy due to lack of high profile events or data. However, there are few events and releases this week, which could add some serious volatility in the market.
What to watch for over the coming days:
- Central banks:
Not many central bankers are scheduled to make news this week, except for the Federal Reserve, which is set to release its November meeting minutes on Wednesday. Recent commentaries from Fed Chair Janet Yellen on last Thursday before Senate Joint Economic committee and a speech by New York Fed President Bill Dudley indicate increased possibility of a rate hike in December. The market is pricing a 100 percent chance of a rate hike in December. So the most important point to look at the minutes – Why 2 policy makers voted to hike rates at November meeting, compared to 3 in September and any hints on the future path of interest rates, beyond the December meeting.
- UK Autumn statement:
The UK’s chancellor of Exchequer Phillip Hammond will deliver the highly anticipated autumn budget statement, where the government is expected to announce some form of fiscal stimulus in response to the referendum vote in June, on Wednesday. Expect heavy volatility in pound based pairs and all other UK assets like Gilts and FTSE stocks.
