Asia opening: week ahead and a market shorter AUD/USD

By FXStreet FXStreet (Guatemala) – The week ahead is destined to be one of the busiest weeks of the year as we head into to year-end while the market is heavily long the greenback as we approach the eagerly awaited FOMC meeting where markets are pricing in a rate hike from the Fed.

The data for the week ahead brings us Yellen’s Appearances, US Non-Farm Payrolls and ECB Rates Decision as the key highlights while the RBA meeting is speculated to be a nonevent while the Central Bank chill-out until at least the Feb meeting. Another key event to keep an eye on will be the OPEC Meeting. While most Central Banks are positioned for cheap oil to stay cheap, OPEC has recently suggested that their flooding of oil markets may be reaching an end and should the price of oil make a comeback, many of the easing Banks will be put on the defensive.

Markets today: Watch China

For today, NZ already released building permits 5.1%vs prior -5.7% while ANZ business confidence is till to come out a little later. We also get Aussie and Japanese data to play for while China will be one to monitor in respect …read more

Source:: FX Street