FOCUS OF THE WEEK!
Dear traders,
The second week of October promises to be very calm in terms of news. It is worth highlighting the UK GDP data, the publication of the ECB protocol and the US consumer price data from the planned news this week.
In fact, the first half of the week will be in a very quiet rhythm for the publication of news with a little impact on the market. Starting on Wednesday, UK GDP data will be released, expectations for which remain very neutral.
On Thursday, the market will wait for the publication of the ECB meeting report. The latest ECB press conference supported the euro, and if the protocol also contains positive statements, the euro will receive support. Data on consumer prices in the US will be released also on Thursday, expectations for which remain positive, but restrained.
From the corporate calendar, it is worth highlighting the report of Citigroup (C). It is expected to receive an ambiguous report from it that will be released on Friday before the market opens.
The United States and China trade confrontation continue to be a fundamental factors, which may be aggravated against the background of a spy scandal. Europe remains at the mercy of Brexit risks and Italy’s trade deficit. (Anton Hanzenko)
Have a good trading week!
Stay up to date with Ester!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
Hotline +448 000 698 464