Price movements in the market are expected to be volatile due to low liquidity in the last week of trading for 2020.
With Christmas and New Year celebrations, investors are expected to take safe measures to stay out of the market and resume trading in January 2021.
Most banks are also closed in addition to the lack of important economic data that is the focus of investors.
However, some of this data can be used as a reference for traders who are still trading this week.
Japan Industrial Production Data (Monday 7.50 AM): The production sector for November in Japan recorded zero readings, lower than expected decline as well as previous data readings.
US Crude Oil Inventory (Wednesday 11.30pm): A decline in crude oil supply in the United States will drive up demand while supporting a rise in crude oil prices.
China Manufacturing and Services PMI Data (Thursday 9.00 AM): This survey data will provide insight into the health of the world's second largest economy. The latest data readings for December are expected to remain positive and have not changed much from previous readings.
US Unemployment Claims Data (Thursday 9.30pm): Unemployment claims since September have been below 1 million. Yet it remains around around 700,000 until the end of the year.
