Market focus

On Friday, 04.01.2019, the economic calendar will be saturated with statistics due to the short work week. The first half of the day is full of statistics on the eurozone, among which is worth noting the data on business activity (PMI) of the eurozone, employment data in Germany and inflation in the eurozone. From this data a very low-key statistics is more expected.

The main events of the day and week will be released in the American session, in particular an employment report in the United States, which completely eclipses an employment data in Canada. An employment report in the United States expects restrained positive statistics, which will provide restrained support to the American dollar. Also on this day will be the speech of the US Federal Reserve Chairman Powell, from whom hints about the monetary policy of the US Federal Reserve will be expected.

Hanzenko Anton