FOCUS OF THE WEEK!
Dear traders,
The upcoming week promises to be saturated with data, mainly thanks to the publication of data on inflation and employment. Starting on Tuesday, the economic calendar will be saturated with a variety of statistics on key countries. On Tuesday, market attention will be focused on data on China, Germany and the UK. In addition to very significant employment data in the UK, it is worth paying attention to preliminary GDP of the eurozone and Germany, which, against the backdrop of heightened risks, can be perceived by the market very sharply.
On Wednesday, the main focus of the market will shift to inflation data in the UK and US statistics. Therefore, the day promises to be very volatile. Inflation in the UK is expected to continue to reduce this figure, which will force investors to adjust positions in the pound in advance.
On Thursday, the day is saturated with data on the trade balance of Japan, employment in Australia, retail sales in the UK and US statistics, among which it is difficult to highlight more significant news, so the market expects very volatile trading.
On Friday, the market will focus on inflation data for the euro area and Canada. However, the expectations for the euro area remain very disappointing, which will continue to put pressure on the euro.
The period of corporate reporting can be considered finished, and attention can be focused on the data of the following companies: Cisco (CSCO) on Wednesday, NVIDIA (NVDA) and Walmart (WMT) on Thursday.
The intensity of fundamental risks remains significant and the market, in addition to the trade confrontation between the US and China, the US sanctions against Iran, began to monitor the risks in the eurozone, where, in a difficult situation, the EU banking sector appeared after significant investments in Turkey. (Anton Hanzenko)
Have a good trading week!
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