FOCUS OF THE WEEK!
Dear traders,
The second week of November will be full of significant statistics, including data on GDP, employment and the meeting results of the world Central Bank.
On Monday, the main data will be released in the UK: GDP, manufacturing and manufacturing and trade balance. On Tuesday, the economic calendar will be more diverse. At the start of the day, business confidence in Australia and inflation expectations in New Zealand will be released. The European session will announce an employment data in the UK and economic sentiment in the eurozone.
On Wednesday, it is worth to note the RBNZ meeting results on monetary policy, from which key rates cuts is expected. At the European session, attention will be focused on inflation data in the UK and Germany. On trading session in the United States data on inflation will be published and the speech will be held by the US Federal Reserve Chairman Powell.
On Thursday, the saturation of the economic calendar will continue. In the morning, data on GDP of Japan, employment in Australia, production and employment in China are expected. At European trading, it is worth to note the data on the GDP of Germany and the eurozone, retail sales in the UK will be also published. Data on production in the United States will close the day. Closing the week will be very informative thanks to inflation data in the eurozone and US retail sales, which will set the mood on the market.
The fundamental factors influencing the market will remain data on the trade agreement between the United States and China.
Corporate reporting calendar will be saturated this week. The following reports are worth noting: Cisco (CSCO) and Wal-Mart (WMT). Anton Hanzenko
Have a good trading week!
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