FOCUS OF THE WEEK!
Dear traders,
The full working week of May will be noticeably less saturated with weekends, which will allow the market to return to normal. The week promises to be saturated with reports of meetings of the Central Bank.
On Monday, market activity will be reduced due to low activity at the beginning of the week and weekend in Japan and the UK. Also on this day, in addition to data on business activity in the euro area, meaningful statistics are not expected.
On Tuesday, trading volumes will return to normal. At the beginning of the day, the results of the RBA meeting will be published, from which they expect to maintain monetary policy unchanged. But the risks of a slowdown in the Australian economy remain.
On Wednesday, the publication of the RBNZ meeting and the publication of the ECB protocol, which may have a significant impact on national currencies, will take place.
On Thursday, market attention will be focused on data on inflation in China, producer prices in the United States and the trade balance of Canada.
On Friday, the economic calendar will reach a weekly peak of saturation on the publication of data on UK GDP, data on US inflation and employment in Canada. Special mention should be made of data on inflation in the United States, with respect to which the likelihood of lower rates in the United States may change in the future.
The corporate reporting calendar remains saturated during the week. From the published reports it is worth to highlight: Wednesday Walt Disney (DIS). Also, the week will be saturated with the publication of corporate reports on other large companies.
Fundamental risks, against the background of a very informative week, receded into the background, but the risks of the US-EU trade confrontation, Brexit and the exacerbation of sanctions against Iran remain, not to mention the actual results of the US-China trade negotiations. (Anton Hanzenko)
Have a good trading week!
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