Expectations for the upcoming week
A significant amount of news will be released this week, among which the following should be highlighted:
On Tuesday, market attention will be focused on the Reserve Bank of Australia protocol and employment data in the UK. RBA is expected to maintain a very positive tone, which will support the Australian dollar. Expectations from the UK data are highly ambiguous, which will increase volatility for pound.
On Wednesday, the main event of the day will be the publication of the US Federal Reserve’s protocol, from which no significant statements are expected. Any hints about the future fate of the US rates will have a significant impact on the American dollar.
Thursday is full of events, among which it is worth to highlight an employment data in Australia, data on business activity (PMI) in the eurozone and the ECB protocol.
On Friday, the data for the eurozone will close the week. So, there are data on Germany’s GDP and inflation in the eurozone. And at the end of the day, the ECB President Draghi will speak.
In addition to the planned news, there will also be regular talks on the US-China trade agreements this week, the development of which will continue to influence financial markets. (Anton Hanzenko)
Read also: “Dictionary of the trader for trading on the Forex market”
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
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