Market focus

On Friday, August 9, the economic calendar will be full of significant statistics.

At the start of the day at the Asia-Pacific trading session, market attention will be focused on data on Japan’s GDP and inflation in China. Despite cautious inflation expectations in China, they will significantly affect the yuan and the risks of a trade war.

At the European session, it is worth to highlight data on employment in Switzerland and GDP of Great Britain. The UK GDP preliminary report could have a significant impact on the pound, especially in the face of the possibility of a tough Brexit. At the end of the day, in the American session, market attention will shift to employment data in Canada. The expectations regarding which remain very positive.

Hanzenko Anton