FOCUS OF THE WEEK!
Dear traders,
The end of July and early August promise to be saturated with significant statistics.
Starting from Tuesday, the market will focus on the Bank of Japan meeting results. Despite the high likelihood of restraint by the Central Bank of Japan, there is a possibility of soft rhetoric.
On Wednesday, the economic calendar will reach a peak of news saturation. So, at the start of the day, there are data on business activity in the manufacturing sector of China, which will set the tone for stock markets. Data on inflation in Australia will be published. In the European session, market attention will be focused on inflation data in the euro area, setting the sentiment for the euro.
At the American session, they will publish data on Canada’s GDP and release the US Federal Reserve meeting minutes. The Fed protocol remains the main event of the day and week, if not the entire past month, which is expected to reduce the US key rate by 25 b.p.
On Thursday, market attention will shift to data for Europe, namely the Bank of England meeting results. Also on this day, there are data on business activity in the manufacturing sector (PMI) of China, Germany, the UK and the USA.
On Friday, the closing of the week will be volatile due to the publication of an employment data in the United States, especially given the weak expectations and the results of the US Federal Reserve meeting.
Of the fundamental factors this week will be the US Federal Reserve meeting results and employment data in the United States. Also it is worth to note a number of significant data for other countries.
The corporate reporting calendar for the week will remain saturated with reports. Reports of such large companies are expected this week: Apple (AAPL), Merck & Co (MRK), General Electric (GE) and many others. As a result, volatility in stock markets will increase. (Anton Hanzenko)
Have a good trading week!
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