Christmas week pleased investors with the long-awaited rally

Christmas week pleased investors with the long-awaited rally. Trump really made this year great for stock markets.

📈 Oil is priced, gold moderately becomes more and more expensive, stock markets have rewritten historic highs. The ruble, by the way, feels confident.

We do not exclude the formation of a sharp downward correction against the background of profit taking, but, apparently, this will happen already in 2020.

The following events will act as drivers of volatility next week:

🇺🇸 Most likely an increasing index of incomplete sales in the housing market. There is nothing terrible about this, however, this will add a little negative to the markets. We do not think that this can change the general trend, however, at the time of publication it can create an entry point to long positions.

According to the forecast of world analysts, the US Consumer Confidence Index should strengthen to 128.2, a bold statement. We expect strengthening to 126-127 based on the analysis of economic data. One way or another, these statistics will have a beneficial effect on US markets.

Publication of FOMC protocols. The probability of further reduction in rates is minimal.

The index of business activity in the manufacturing sector in US.

🇨🇳 China's business activity index. A huge probability of an increase in the indicator, which is able to strengthen the yuan in a moment.

🇩🇪 The index of business activity in the manufacturing sector in Germany. The indicator is likely to remain within the framework of forecasts.

German unemployment data. The traditional increase in performance at the beginning of the year. It is likely to increase, but not critical for economic stability in general.

🇬🇧 The index of business activity in the manufacturing sector in GB, are expected as prediction.

And the index of business activity in the UK construction sector. The indicator will slightly strengthen.

Remember that New Year's holidays and exchange holidays are not the safest time to invest, but a good time for speculation.