FOCUS OF THE WEEK!
Dear traders,
A relatively small amount of news is expected from the upcoming week, which will be of a statistical nature. Throughout the week, the following scheduled events can be identified. On Tuesday, an RBA meeting minutes will be published, which will have an impact locally on the Australian dollar. Based on last meeting of the RBA, the protocol will also be restrained.
On Wednesday, data for the US and Canada are expected. Data on oil inventories in the United States and the publication of the FOMC protocol are of particular importance. At the same time, the market will wait from the FOMC protocol a confirmation of the intention of raising rates in September.
On Thursday and Friday, the economic calendar will be mostly saturated with data on the euro area and the US. Data on Germany’s GDP and retail sales in the United States deserve special attention. But also the publication on business activity can make a contribution to the trades.
The reporting season is over and there will be no reports of large companies in the week of earnings.
From fundamental factors, the market will await the results of the US and China negotiations, which are likely to set the mood in the markets, which in the end can change the mood cardinally. (Anton Hanzenko)
Have a good trading week!
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